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View Poll Results: Do you carry a Credit Card?
Yes 80 86.02%
No 13 13.98%
Voters: 93. You may not vote on this poll

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Old 06-12-2010, 07:40 PM
 
Location: Sacramento
2,568 posts, read 6,734,702 times
Reputation: 1933

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Quote:
Originally Posted by maschuette View Post
I was one of those "smart" people who paid off their credit cards every month. Until i got on a budget, now instead of spending $1500 a month on nothing i spend $50 a month on one thing. I save the rest.
Some of don't care to have a budget. And as long as we live within our means I don't see a problem with it.
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Old 06-12-2010, 07:48 PM
 
Location: NJ
31 posts, read 98,934 times
Reputation: 42
yes my wallet is lined up this way- VISA VISA VISA VISA VISA MASTERCARD VISA
the mastercard gives some variety!

But I paid most of them off, 2 are check cards that I prefer to use.
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Old 06-12-2010, 08:00 PM
 
1,786 posts, read 3,451,619 times
Reputation: 3098
I have one credit card. It is linked directly to my bank account. Each month-end, the charges are automatically deducted. It is not a debit card - but I treat it as one. I carry no balance each month-end. In the meantime, I accumulate "reward points" for every dollar spent. Other than lunch, newspaper, tea, taxis - I rarely use cash. I generally get out about $300 a month in cash from the ATM for emergencies. It is a RARE month when I need more than that in cash.
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Old 06-12-2010, 08:03 PM
 
Location: Broward County
2,517 posts, read 11,023,162 times
Reputation: 1391
the only way to BUILD credit is to carry and use credit cards...not just one....2 or 3....and also some installement loans such as a car loan.

I see young kids that under the false impression that if they don't get a credit card, they will SET for life. Wrong ! When it times to buy a car or house....you are up the creek without a paddle without a strong credit history and strong score !
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Old 06-12-2010, 08:04 PM
 
Location: Bradenton, Florida
27,232 posts, read 46,542,364 times
Reputation: 11081
I have a debit card, not a credit card. If I don't have the money to pay for it, I don't have it.
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Old 06-12-2010, 09:53 PM
 
8,263 posts, read 12,163,228 times
Reputation: 4799
Quote:
Originally Posted by TKramar View Post
I have a debit card, not a credit card. If I don't have the money to pay for it, I don't have it.
Same with me, if I can't afford it I don't buy it that's a good way to handle your finances.

I do it with a credit card though.
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Old 06-12-2010, 10:09 PM
 
Location: Troy, Il
764 posts, read 1,553,667 times
Reputation: 529
Quote:
Originally Posted by heydade View Post
the only way to BUILD credit is to carry and use credit cards...not just one....2 or 3....and also some installement loans such as a car loan.

I see young kids that under the false impression that if they don't get a credit card, they will SET for life. Wrong ! When it times to buy a car or house....you are up the creek without a paddle without a strong credit history and strong score !
You don't need credit to buy a house, and i feel that a person shouldnt go into debt for a car. Having a high credit is only proof of giving your money to other people through interest. Save and buy.
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Old 06-12-2010, 11:27 PM
 
Location: Brisbane
5,027 posts, read 7,446,552 times
Reputation: 4493
I ditched my credit card a few years ago. Only carry a master debit card now.
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Old 06-14-2010, 08:44 PM
 
4,135 posts, read 10,779,096 times
Reputation: 2698
Quote:
Originally Posted by hnsq View Post
Lately I have been taking personal finance more seriously. I have carried a credit card since I was 19 years old (I am 24 now). I always thought I could charge everything and get rewards/points for it! You can guess how that worked out - I started spending money I don't have.

Last week I finally pulled the trigger - I no longer carry a credit card. Anything I buy is with cash or debit card. It has been a major change, it is very strange to consciously think about my bank balance before every purchase. I simply don't have the self-control to use a credit card responsibly, so I need to just not have one.

Here is my question, do you carry a credit card or not? If you do, do you feel you have the self-control to not run up the balance?
I use one credit card for everything and pay it off when it comes in. There is no trick; you set a limit you can pay and as you spend, write it down and add it up. If you have no self control, forget the card and cut it up. Don;t close the account. [Closed by consumer status can hurt your credit; keep the card, don't use it]
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Old 06-15-2010, 12:24 PM
 
3 posts, read 6,571 times
Reputation: 10
Ive never had a credit card,if i WANT something i will usually just save until i can buy it ,put it on lay away or buy here pay here.

every once in awhile i,i NEED something and cant get it!
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