Carrying a Balance
Debt is a shackle that holds you back. For instance, if you have a $1,000 balance on a credit card that charges an 18% rate, you blow $180 every year on interest. Get in the habit of paying off your balance in full each month.
Posted by
on Jan. 15, 2013 at 3:39 PM
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by
Silver Member
on Jan. 15, 2013 at 3:44 PM
This is great advice, but unfortuately, many people don't know how to live within their means these days and depend on credit to get them by.
by
Silver Member
on Jan. 16, 2013 at 3:05 PM
Ouch yeah we never carry a balance we always pay off in full every month
by
Jenny
on Jan. 16, 2013 at 3:09 PM
We do! We only use cards to get the cash back or points. :)
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by
Bronze Member
on Jan. 16, 2013 at 3:10 PM
No more credit cards for us at all. We stick with our debit card.
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by
Gold Member
on Jan. 16, 2013 at 3:28 PM
If and when we use our cards, we always pay them off in full. But it's a rare occurrence since we love have plenty of cash on hand.
by
Gold Member
on Jan. 16, 2013 at 5:12 PM
No credit.cards loans or debt here
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Smarter Family: Rainy Day Rescue
- MamaMandee
on Jan. 15, 2013 at 3:39 PM