Your best defence against making credit card mistakes is knowledge, and understanding some of the most common myths and misconceptions about credit cards can help you know what you need to manage the plastic in your wallet.
Read the full story »How to get out and stay out, as well as other sticky issues like dealing with debt collectors and loan consolidation.
Reviews, Tips & Tricks, and everything else you need to know about getting the most out your credit cards.
Budgeting, frugal living, saving, and all kinds of other money and finance related subjects.
Learn how to repair and improve your credit score. Learn about Beacon and Fico scores, and much more!
Don’t like the idea of spending money you don’t have? Get the scoop on bank and prepaid debit cards.
When it comes to debit cards, many of us find them incredibly convenient and less of a burden than credit cards. After all, not only do retailers appreciate the lack of added-on credit fees, but it prevents you from racking up loads of debt by limiting you to only what you currently have in the bank.
Credit card debt is an epidemic. It doesn’t spare any race or gender, and it doesn’t necessarily target those of a specific income bracket. And, if anything, the shrinking of our world has made it worse; now we can get on our computers and order items a world away in a heartbeat. Many of us do just that, whether we really need the item or not.
Sure, there have always been people who lived beyond their means, but credit cards make it easy. Somehow, handing over a plastic card lets us feel less responsibility than handing over cash. And in any event, credit cards, unlike cash, let us spend money we don’t have with no immediate consequences.
As the cost of travel increases, many Australians look for the best travel reward credit cards to cut down on travel expenses. Would- be travellers who are looking to subscribe to a travel credit card should bear in mind that different cards offer different rewards.
In reality, using a credit card wisely is much less complicated than people make it out to be. With a little common sense and some good habits, you can avoid becoming one of the millions who have taken on way more debt than they can handle.
Everyone makes mistakes; it’s just nice when we can avoid them.
With those thoughts in mind, here are 4 life lessons about money that you should learn now, no matter how young or old you are. This way, at least you can’t say we didn’t warn you!
Sometimes, people are in debt so deep that they don’t know what to do. A recent article from News.com.au cited that Australians owe almost $50 million on credit cards because rising living costs are forcing them to put even small expenses on plastic, putting the average credit card holder $3321 in the hole. To make matters worse, about $36 billion is currently accruing interest.
We’re taught a lot in school, from algebraic equations to national history. We spend years of our lives sitting at desks, listening, studying and learning. But while students may be able to solve a geometric proof or quote Shakespeare when they graduate, many know little to nothing about personal finance. When it comes to managing money, many of us are pretty clueless when we get out on our own and, therefore, we make mistakes.
Credit card debt is a huge problem in Australia and all over the world. Families and individuals have found themselves relying on plastic and digging themselves into a hole of financial burden. However, if used correctly, credit cards can actually increase your credit rating, make it easier to take out loans, and even land you a job.
These days it’s more important than ever to make sure you get a credit card that will work for you rather than hurt you. This will save you a lot of headaches when playing the credit card game.
The adage “Health is wealth” is indeed true in all senses. It goes without saying that health and finances are interrelated, as the former may affect your wealth-building aspirations and abilities. If one is in good health, one is able to keep the income flowing in order to work towards a savings plan for a better future.
It is a known fact that income derived from your day job will put food on your table and give you a sense of security, but it will not make you rich. One of the ways to attain financial freedom is through investment on property, business or foreign exchange.
There is nothing wrong with pampering or rewarding yourself through splurging on luxury items once in a while, but if you are spending way too often and too much on non-essential items, and that’s resulted in credit card debt or loss of savings, it is time to check and recognise your spending habits.
Different companies offer different incentives and promotional rates to lure customers into signing up for their credit cards. How do you choose a card that is just right for you?
Isolating an individual credit card has one objective in mind: eliminating credit cards, one by one. Your finances will be alleviated easier when you can concentrate on one balance at a time.
If you’ve made getting out of credit card debt one of your New Year’s resolutions, but still haven’t made any inroads yet, don’t give up yet.
Not all credit cards are created equal, so it’s important to compare credit cards to make sure that you’re choosing the right one for your needs.
It’s the Catch 22 of a global recession: people are taking hits on their credit rating due to being laid off, while more companies are asking to see credit reports before they hire someone.
Last March, we did a breakdown of debit cards vs. credit cards to show you the differences between the two plastic doppelgangers. Fast forward two years, and suddenly, the ying is starting to look and …
How well are you mastering your health insurance comparison? It is possible that you are ignoring some key items that could help you save money.
