credit cards
How minimum payment is determined on credit card
124
vote
Towards the beginning of 2003 (in the Jan-Feb timeframe) the Office of the Comptroller of the Currency (OCC) changed regulatory guidelines to force banks and other financial institutions to increase monthly minimum payments to cover at least 1% of the principal balance above and beyond all fees and interest incurred. Most banks prior to this used to charge 2-3%. Read more »
Be sure to ALWAYS check your receipt for credit card information on it
158
vote
ALWAYS be sure to check your receipts for credit card information on them. Note: it is usually going to be a small mom-and-pop restaurant that will do this. The big chains almost never put your credit card information on them in full. They will usually put something like: XXXXXXXXX1234.
Read more » Here is an example of what you should cross out if you see:
SOLUTION:
Cash or credit card?
148
vote
Here is that article: http://genxfinance.com/2008/05/20/poll-do-you-organize-the-money-in-your-wallet-or-purse/
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I was getting ready to head to the cafeteria for lunch the other day, and before heading down with a co-worker I stopped to open up my wallet and rearrange my cash. He looked at me a bit puzzled and asked what I was doing. I didn’t think anything of it, but just told him that I was putting my money in order because when I got change from my breakfast this morning, everything was just thrown in there. Read more »
When paying off debt
107
vote
When paying off debt, choose the credit card or loan with the highest interest rate first and pay that off, then move to the next highest interest rate, and so on.
Use cash and pay your credit card biweekly
93
vote
If you feel like you are stuck in a neverending cycle of not having enough money, falling further and further behind on your credit card and other bills, and just plain cannot seem to properly manage your finances, then these 2 suggestions might be your best answer...
One way to save money and reduce debt is to cut back on the use of your credit card(s) and make payments every other week, rather than every month.
One way to save money and reduce debt is to cut back on the use of your credit card(s) and make payments every other week, rather than every month.
Do you use cash or credit card or other form of payment most of the time?
Cash
17% (12 votes)
Debit card (generic)
31% (22 votes)
Credit card - VISA
14% (10 votes)
Credit card - Mastercard
25% (18 votes)
Credit card - American Express
1% (1 vote)
Credit card - Other
7% (5 votes)
Other payment type
4% (3 votes)
Total votes: 71
Answers to Investing
