Howdy! After the success of last week’s discussion thread, I figured we should keep going. Feel free to comment below with anything and everything money related that is better suited to a conversation or a quick question and answer than a full post. Some ideas include:
- Journaling about an ongoing job search
- Asking for ideas about how to manage an emergency fund
- Logging recent stock trades
- Talking about the impact of inflation on your budget
- Your plans for maximizing the rewards on a credit card
Again, those are just suggestions, if there’s really anything you’d like to talk about related to finance in your life, feel free to put it here.
What 20% do you mean? The interest rate?
If you treat a credit card like a charge card and pay it in full every month there’s zero cost to you. You don’t even pay interest on the time between the purchase and the payment as long as you pay everything off on the first statement it appears.
Having a credit card is good for your credit and can save you money in the form of cash back. As long as you can keep disciplined about only spending money you already have and paying in full every statement, it’s all upside.
Seriously lol. If you carry a balance from one month to the next then a credit card is NOT FOR YOU. The person you’re replying to seems to be one of those people. Which is fine, different ways to view and take care of money work for different people, but… to assume everyone with a credit card is paying interest is not accurate… If used correctly, credit cards can be extremely beneficial for your future.