Why to Use a Credit Card for Every Purchase

Credit cards used to get a bad reputation.  I remember being a kid and always hearing the perception that if you used a credit card it meant you didn’t have the money, like you were broke or something, but whether that was just my ignorance or not, that is certainly not the case anymore.  There are so many pros to using a credit card, that I have since put my debit card away and only use a credit card now for every purchase.  The trick is just not to spend too much so you can pay the full statement balance by the due date.

Grace Period

The nice thing about charging on a credit card is that it does not take from your bank account right away, it actually gives you a chance to have the money in time for the statement that will be due next month.  The catch is, you need to have the willpower to not overextend your spending so you will be able to pay the full statement balance, otherwise you will start carrying over a balance and begin to pay interest until the balance is paid off.

Easy to Book Hotel & Rental Car

Booking travel on a credit card is always a must, especially when it comes to deposit holds.  When you check into a hotel or rent a card, the company will place a hold on your account that can be up to a few hundred dollars to ensure that there is no damage, and then the funds are released.  If you use a debit card it takes from your bank account and can be a week or two before you see the money again.  With a credit card, they can put whatever hold they want on there, but will go away in a few days, long before the next statement balance.

Fraud Protection

There is so much fraud these days, it’s happened to me twice in the past year.  Fortunately, this time it was on my credit card after I learned my lesson never to use my debit card again.  With the debit card, much like a deposit hold, will be taken from your account and will not come back until the disputed funds are resolved, which who knows how long that will take.  With a credit card, they can sort it out, without being on the hook for the balance until next month.

Rewards!

Last, but certainly not least, as I was saving the best for last in this case, is the credit card rewards.  Whether it is points that can be redeemed for a gift card, or actual dollars that you can receive a cashback check back at the end of the year.  Now yes you can spend more to earn more rewards, which can be tempting, but scary as you are increasing spending, but if you only take the normal purchases that you make in a month anyways, you are earning free money back on what you would have spent otherwise.

Overpriced Items to Look to Avoid

One of the best way to come in under budget each month is to not only reduce impulse and unnecessary expenses, but to also reduce necessary monthly expenses as well.  If your monthly food budget is say $500, if you find a way to come in at $400 instead, you can use that $100 to invest that will grow considerably more over time instead of whatever you were going to buy in its place.  With just a few tweaks in the purchases we may, we can go from spending money on overpriced items to save money each month.

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Smart Ways to Boost Your Credit Score

First impressions are lasting, and there is nothing more important to the eyes of the lender than your credit score to see if you are worthy as a borrower.  The higher the score, the better, in order to take advantage of the most favorable rates on the market.  Your score can affect your loan approval or denial, so whether you have had credit troubles in the past or are looking for ways to give it a boost, there are important behaviors to continue to possess in order to continue to see your credit score rise.  You can now see your …

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4 Ways to Teach Children the Responsibility of Money

As our children get older we are focused so much about protecting them for the safety, but what about their financial safety as well?  One day they will start to make their own money, own homes, get married, and hopefully live financially responsible without making bad financial decisions like missing payments, going to debt, or excessive spending, so it is up to us to teach kids about money as early as possible so they can not only take financial responsibilities seriously, but to make the right decisions.

Live Within Your Means

The simple reason that we go into debt is …

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Signs You Might Be a Little Too Cheap

There’s a difference between being frugal and being cheap.  Even being frugal has its quirks where it could be easy to be made fun of when it comes to spending money, or lack of, as well as re-using items that you probably should throw away, but being cheap is just a whole other level.  I’ve been around cheap people in my life and I told myself I would never be that way, so look out for signs that you might be a little too cheap.

Suffering Without Air Conditioning

August is really the hottest part of the summer, so …

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The Ins & Outs of Online Trading Courses

When you are stuck in a dead-end cubicle job, you are looking for any viable way out. Enrolling in online trading courses is key to becoming a profitable day trader, which can give you the financial freedom to say goodbye to the office job that you never loved.

With Warrior Trading you can enroll in day trading courses that put you onto an accelerated path that can bring you to a viable level of profitability, without taking up too much of your time. The key is being able to absorb and understand the Warrior strategies of momentums day trading, swing …

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Ways to Stop Stressing Over Money

Whether you have money or not, it can be the cause of much stress in your life.  Often people try and figure out when it means that you are officially an adult, and I’d say by the time you handle your own finances, because it is no simple task.  While it’s not good to have stress in your life, you get enough with work and family that you do not need one more thing to add to the list, so try your best to avoid, although it may not be easy.

Be Prepared in Case of an Emergency

You …

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It’s Never Too Late to Improve Your Personal Finance

Whether you are new to keeping track of your finances since you have gotten a job out of college, manage the family funds, or are working your way towards retirement, it is never too late to improve your personal finance.  Many of us do not keep a budget, which can be scary for the fact that we could not be imposing spending limits on ourselves and probably minimizing how much we are saving, never a good thing when it comes to saving for the all-important retirement years.

Get Spending Under Control

Really, the primary way to free up extra cash, …

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4 Items to Avoid at the Dollar Store

Don’t get me wrong, the dollar store can be great for many items, with prices significantly lower than other full-priced stores like Target.  You can get reduced prices on gift bags, greeting cards, and holiday decorations.  Hey, it’s even a good place to fill gift baskets for office Christmas presents.  What stores like Target have going for them though, is the quality, and there’s no comparison when you go into a dollar store.  There any plenty of items that are perfectly fine to buy at the dollar store to save money, but there are certain items to avoid

Food (for

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4 Ways a Career in Accountancy Could Send You into Early Retirement

Not all accountants make an enormous success of their careers and some end up struggling to pay their financial way during the latter stages of life. However, there are accountants who are very wealthy thanks to their career choices and there’s no reason why you can’t follow them. Have a look at some of the below ways a career in accountancy could send you into an early retirement.

1.      Demand for Accountants Is High

While not all qualified accountants get the early retirement option, there are many opportunities available in accountancy and many of them offer excellent salaries. For example, …

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