phyregod
!!YTINASNI
Quick question how does one book flights, hold a hotel room or rent a car with out a credit card..
Debit Card. Same thing, except you pay cash and you dont get charged interest. most debit cards are etiher visa or MC. Works exactly the same as a credit card.
when you're miles away from home, and your car breaks down, and you have $1.82 in your asstray, if you don't have a card, you're screwed.
Same thing. Instead of $10k in a credit card, you'd have 10k in your "emergency fund" which is linked to the debit card in your pocket. If its a money market you can earn 5% on that 10k while it sits, instead of paying 5-17% on a credit card.
Then, you'll start paying cash for those "impulse" buys. then they wont seem like such a good deal. $1k to a tv takes 1k cash out of your pocket, and you arent earning 5% Interest on that $1k until you put it back.
Make your money work for you. Not against you.
Add up all the interest you pay in any given year. Mine comes to a few bucks shy of $9k. Thats interest alone. I could sure use that extra 9k every year.
P.S. Gold isnt keeping up with inflation long term. Yer losing money.