Are credit cards good or evil? That depends how you look at them. I think of them as a tool, much like a computer, car, phone, etc. While none of these things are inherently bad or good, they certainly can be used to do bad things. When it comes to credit cards, often times we [...]
Tag Archives | Credit Cards
Reasons You Should and Shouldn’t Have a Credit Card
Let’s start with this question: do you need a credit card? That’s an interesting credit card question, isn’t it? The key word here is need. NO, you don’t need a credit card. Credit cards haven’t been around forever. People survived without them in the past and we can do so today! But, are there reasons [...]
Should You Transfer Credit Card Balances?
Have you every received a balance transfer for offer in the mail? Of course you have! Such offers are sent out every week by multiple credit card companies trying to get consumers interested in transfering their credit card balance from their existing card to a new card. With offers of 0% APR for X number [...]
When You Should Use a Credit Card
According to Money magazine, there are some instances when using a credit card is a good idea. A credit card can actually provide benefits using cash or debit can’t. Warning: The danger of using a credit card is in the ease of its use. It doesn’t take much effort to purchase on credit with the plan to pay [...]
Should You Cosign a Loan or a Credit Card?
I recently read a Money magazine article about helping your child manage credit. The article discussed a new law that will certainly help protect children from carless use of credit cards. New credit card law Often children get off to the wrong start by going to college, opening up a credit card and running up [...]
Cash, Credit, or Debit Purchases – What Works For You?
There are a lot of opinions on whether to use credit, debit, cash or a combination of the three as payment options. Many insist on cash or debit cards only. While others don’t see any issues with including credit cards as another payment option if paid off at the end of each month. Personally, I [...]
No Minimum Credit or Debt Card Transactions
Our family never carries cash. Nope, it’s rare for my wife and I to carry any cash unless we know we specifically we have to have it for such expenditures as toll highways. Cash is always a second thought. Many times its required us to leave an activity or event, after finding out we needed cash, to find a nearby [...]
Credit Card Balance Transfer Offers – Beware!
We’ve all received credit card balance transfer offers in the mail. I just received one the other day and it’s not unusual to see a new one arrive each week. I used to be on a mailing opt out list, but I guess I need to check into renewing it. Anyway, isn’t it interesting how these offers are [...]
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One Money Design is a personal finance blog that exists to help people make progress along their journey to true financial freedom and become more generous with their time and money.
