| Why I believe you should always use credit cards- not cash |
|
|
|
|
|
marketexec
New Member
Cash: $ 0.56
Posts: 9
Joined: 25 Jan 2005
|
| Why I believe you should always use credit cards- not cash |
 |
|
With the abundance of rewards credit cards out there, if you are disciplined enough to use your credit card only for purchases you can afford to pay off every month, you should use credit to buy everything from gas to groceries. I have earned enough points to get enough gift cards from Home Depot to buy all supplies to completely remodel my bathroom (about $1200 in gift cards). But there are numerous different types of rewards programs from a point system, to a direct cash rebate system. I recommend you use moneyinfoline dot com to read more about this subject. THink of how much you spend in a year on everyday purchases/neccesseties then figure out how much of that money would come back to you- I think you will be pleasantly suprised.
|
Wed Jan 26, 2005 7:41 pm |
|
|
Andrew
Admin
Cash: $ 460.25
Posts: 1695
Joined: 02 Nov 2003
Location: Texas
|
Yeah, I've saved money on cars from reward programs, it's nice as long as you don't lose those savings to interest charges. I've even funneled some of my bills thru the CC to earn more rebates.
|
|
Wed Jan 26, 2005 7:45 pm |
|
|
xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
|
I do the same thing i spend as much as i can funnel through my Discover card then just pay it off at the end of month. It is a great way to earn rewards/money as LONG as you pay the bill off at the end of the month!
|
|
Wed Jan 26, 2005 10:29 pm |
|
|
Realtor1
Member
Cash: $ 2.95
Posts: 12
Joined: 25 Jan 2005
Location: Elizabethtown Kentucky
|
Hmm interesting, I have never thought about that, but it does make sence, I normally do pay off my CC every month, I have been a big cash only guy, My thoughts are if I cant afford to pay cash for it I dont need/deserve it.
Took me a long time to wake up to that, after some very hard times finacially.
Thanks for the tip
Rick
|
|
Thu Jan 27, 2005 5:58 pm |
|
|
SnapThat
Senior Member
Cash: $ 26.48
Posts: 235
Joined: 07 Nov 2004
Location: Illinois
|
I have one very memorable experience from when I was younger and grocery shopping with my mom. I don't know how we got on the topic, but the cashier said to me, "Don't get involved with credit cards. They run people into debt." Later, in the car, my mom carefully explained to me why he said that, and why she and my father used/use credit cards all the time. Discipline, she said, was key. Basically, avoiding credit cards was only for people who could not control themselves.
Anyway, just a little story for your enjoyment.
JavaHive - Get Paid to Post! | Inbox Dollars
|
|
Fri Jan 28, 2005 4:13 am |
|
|
BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
|
Thanks, Snap.
Will you bring snacks for the next story time? 
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
|
|
Fri Jan 28, 2005 6:59 pm |
|
|
Andrew
Admin
Cash: $ 460.25
Posts: 1695
Joined: 02 Nov 2003
Location: Texas
|
As long she doesn't have to charge them... 
|
|
Fri Jan 28, 2005 9:33 pm |
|
|
Keiron.A.Graffie
Full Member
Cash: $ 10.62
Posts: 52
Joined: 31 Jan 2005
Location: Trenton,New Jersey,USA
|
Cash vs. Credit
Imo cash is better! :_)
|
|
Mon Jan 31, 2005 4:31 am |
|
|
titus_87
Member
Cash: $ 2.81
Posts: 13
Joined: 31 Jan 2005
Location: northern idaho
|
wouldnt you think theres a catch? how do the credit companies make money if they reward it in points all the time? you might be earning points, but you are still probably paying some type of interest.
sleep on IT!
|
|
Mon Jan 31, 2005 5:20 am |
|
|
BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
|
Because very few people actually go ahead and pay off the card. They get enough people to carry balances and it pays them in spades.
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
|
|
Mon Jan 31, 2005 12:19 pm |
|
|
SnapThat
Senior Member
Cash: $ 26.48
Posts: 235
Joined: 07 Nov 2004
Location: Illinois
|
quote:
Originally posted by BlankenshipFP
Thanks, Snap.
Will you bring snacks for the next story time?
Hehe, we'll see. If you want chocolate chip cookies, though, you'll have to wait until after Lent
The credit card industry is all about getting people to overspend. That's the way they profit. You just have to take advantage of their allowing you to profit.
JavaHive - Get Paid to Post! | Inbox Dollars
|
|
Sat Feb 12, 2005 4:23 am |
|
|
BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
|
Okay, wait a second -
I'm hoping that you gave up chocolate chip cookies for lent, rather than the first thing that popped into my mind - your chocolate chip cookies don't have meat in them, do they?? 
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
|
|
Sat Feb 12, 2005 4:13 pm |
|
|
SnapThat
Senior Member
Cash: $ 26.48
Posts: 235
Joined: 07 Nov 2004
Location: Illinois
|
lol! I gave up all chocolate and candy for Lent, not meat
JavaHive - Get Paid to Post! | Inbox Dollars
|
|
Sun Feb 13, 2005 3:28 pm |
|
|
walmsley
New Poster
Cash: $ 0.45
Posts: 2
Joined: 01 Mar 2005
|
What about using a debit card, instead of a credit card, do they have such rewards for debit cards for those with difficulty managing credit cards?
|
|
Fri Mar 04, 2005 6:04 am |
|
|
|
