Credit Cards

I found a site today that talked quite a bit about finances, saving money, personal credit, credit checks and much more.

It’s not like so many of the other sites I see popping up all over the internet these days. You’ve seen them too haven’t you? They’re sold on ebay for a few buck s with promises that the new owner will get rich off advertising alone for their new site. At any rate they are a cookie cutter website, hosted on hundreds of urls now that do little good for the person who lands on them.

But I’m getting off topic….

I was at a website today that I really enjoyed and I grabbed part of his article (with his permission of course) to share with you here. You can read more on the other site – the link is at the bottom of this article.

“Credits cards are a convenience, not a crutch.

“Credit cards are a great way to make purchases and record to the penny your spending. They also provide a way to postpone payment on items and thereby earn more interest on your money.

“For example, if you have a money market account that gives you 5% annual interest and you spend $1000 a month through your credit card, you can keep that $1000 in your money market account for an additional month. At the end of a year you would have earned an additional $51.16 for doing nothing. (editor’s note: You’ve actually made money, by using your credit card this way.)

“Now $51 may not be much but it’s free!

“Also you can use your credit card statements to keep track of exactly how much you are spending and where your money goes. With some credit cards you can use personal finance software to download your credit card transactions from the Internet right to your home computer.

“Credit cards may actually save you money. Some people avoid making purchases if they do not have cash. Cash seems to “burn a hole” in our pockets, it just disappears. It is so easy to spend and it is right there. But a credit card takes more effort and you know that you have to pay the bill
later that month.

“Your credit card may also offer a rewards program where you get cash back, frequent flyer miles or discounts on services and merchandise.

“Credit cards are convenient. Some purchases, especially those on the Internet, will only accept credit card payment. Also you don’t have to continually go to the bank or ATM to get cash.

“A credit card also provides a measure of safety. You don’t have to carry large amounts of cash for large purchases. Even if your card or credit card number is stolen, you are not responsible for the thief’s use of your card….”

I won’t post the entire article here, but if you want to know more or read more from this author you can head over to the website listed in his byline.

About the Author © Simple Joe, Inc.
David Berky is president of Simple Joe, Inc. which sells the Simple Joe’s Debt Eraser PC software. Debt Eraser can help anyone get out of debt quickly and inexpensively by creating Rapid Debt Reduction Plan.