This tip gives an example of how many credit card points you need to have a nice vacation. … [Read more...]
022 MPSOS – Living Without Credit Cards Pt4
June 28, 2011 by 1 Comment
One giant choice we can make to get control of our money is to stop using credit cards. It may seem impossible but the steps I've laid out in this 4 part series gives anyone some time to work the process and even start back over again if they mess up. Step 1 - Take the cards out of your wallet, put cash in your wallet Step 2 - Delete credit card numbers from all online accounts, use your bank's BillPay for online payments, Debit for purchases. Start saving the money you haven't been … [Read more...]
020 MPSOS – Living Without Credit Cards Pt3
June 7, 2011 by 2 Comments
Living Without Credit Cards takes more than just a pair of scissors and going cold turkey. This episode walks us through Step #3 to wean us off our dependency on plastic. Here is a recap of the steps so far: Step 1 - Take your cards out of your wallet and put cash in your wallet instead. Step 2 - Delete credit card numbers from your online accounts and use BillPay for online payments. This Episode: Step 3 - Freeze your credit card accounts from any further charges and use the money … [Read more...]
019 MPSOS – Living Without Credit Cards Pt2
June 1, 2011 by 1 Comment
We can't really live or give at our full potential unless we stop borrowing more money and eliminate debt. One of the first things we have to do to pay off debt is to stop borrowing more money. That means weaning our dependency away from credit cards and using cash or debit. This episode covers Step #2: Delete your credit card numbers from all online accounts. Some cool side effects of this exercise: You may find some accounts you no longer need (magazine subscriptions) or you may re-visit … [Read more...]
017 MPSOS – Living Without Credit Cards Pt1
May 19, 2011 by 3 Comments
Americans are dependent on their credit cards. But you can live without credit cards, it just takes some time and effort. In this episode we talk about the very first action step you need to take. It's the hardest step to take, even though the action is very easy - it's just hard to stick to it. We also discuss a solution or substitution on what to do instead of using plastic by talking about how the envelope system works. Holla From The Impala: Leaving money on the table is NOT smart money … [Read more...]
004 MPSOS – 5 Things If You Are Falling Behind
January 8, 2011 by 3 Comments
Discussed in this episode: FIVE THINGS THAN NEED TO BE IN PLACE BEFORE EVEN CONSIDERING PAYING OFF DEBT OF SAVING FOR THE FUTURE: Get on the same page with your spouse or accountability partner Commit to never borrow money again. No more debt Prepare a written budget or spending plan TEMPORARILY stop saving money Get CURRENT on the necessities and bills/payments HOLLA FROM THE IMPALA: Be like Bernard WHAT I BELIEVE. WHAT DO YOU BELIEVE? … [Read more...]
Credit Cards are like Cereal
December 31, 2010 by 2 Comments
How did we end up with so many? We meant to have only one, yet here we are with more than we can handle. How do we get rid of them? This humorous look at our cupboards is a great example of how we end up with more Credit Cards than we said we would ever need and the BEST way to get rid of them! … [Read more...]
Credit cards the Wimpy way
April 14, 2010 by Leave a Comment
One of Popeye's friends was "J. Wellington Wimpy. He never brought cash with him and would max out his bar tab for just one more hamburger. I assume he did pay his bill on Tuesday, otherwise people would not continue to write him IOU's. Right? These days a lot of us are Wimpy. We would go out with our buddies and "forget" to bring our wallets, tell our lunch companions that we'll get them the next time, or owe the boss money to help us get by until payday. Yes, I did that last one … [Read more...]
CreditCard.com article: 10 places you shouldn’t use your Debit card
March 22, 2010 by 2 Comments
Yahoo recently featured an article about the hazards of using your Debit Card instead of a Credit Card. Below is a copy of the content from the list with my comments following each point in blue. It should be noted that this article was written by Dana Dratch and provided by CreditCard.com. (Hmmmmmmmmm) :) 1. Online "You don't use a debit card online," says Susan Tiffany, director of consumer periodicals for the Credit Union National Association. Since the debit card links directly … [Read more...]
Is your credit card safer?
December 1, 2009 by 2 Comments
The common opinion about credit cards is that they are safer than a debit card. But a debit card is just as safe when used in the credit function (not using the PIN number), as stated on Visa's own website: http://usa.visa.com/personal/using_visa/personal_finance/debit.html Benefits of a Visa Debit card: * Convenience - The Visa Debit card frees cardholders from having to carry bulky checkbooks, multiple identification cards and large amounts of cash. * Security - Visa offers debit … [Read more...]
