Using Cash vs. Using Credit

Over at MoneySavingMom.com, Mom gives us her take on using cash over credit. We both see eye to eye on this point. Anyway, her post is excellent and caused a great discussion of over 150 comments. Here’s a brief snippet:

Creditors harassing parents!

Dear Dave,
My older sister has run up some pretty large debts, and there’s one creditor in particular that’s giving her a bad time. She only owes them about $500, but they somehow got our parent’s phone number. They called and made my mom feel so bad that she paid part of the bill. Now this [...]

What we sacrificed to get out of credit card debt

Getting out of debt requires sacrificing the lifestyle you have become accustomed to. It’s not easy, and some people find that they are their own worst enemy when it comes to making sacrifices. It’s that lifestyle that got you into debt in the first place, after all. Having just paid off ALL our credit card [...]

Carnival of Personal Finance 134: Building on the basics

Mrs. Micah, who runs a personal finance blog, has posted a long list of links to good articles on personal finance. My article 3 Retirement Tips for Late Starters was included. I have included a shortened version of her post below. Enjoy!

 Mike from Clever Dude’s Finance and Life teaches us how to Rehabilitate Your Finances. [...]

Costly credit card tricks

Do yourself a favor and read the fine print before you sign up for that Super-Duper UltraCard with the $65,000 credit limit and the 2.9% introductory APR. You might be surprised by what you find. And before you do, here’s my reader’s guide to that fine print — a list of the costly little devils [...]