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  The Wife and I have had similar views on credit cards for as long as I can remember – they are neither good nor evil, but rather just tools. Well since the hammer that was beating me upside my head (e.g. debt) has finally ended, and with the start of the new year The Wife Continue reading I Have No Idea about Credit Card Rewards January 5th, 2010 | Tags: credit cards, Personal Finance, Personal Situation, rewards | Category: credit cards | 11 comments
 I think a lot of the people’s consumer debt stems from charging a large ticket item into “manageable” monthly minimum payments. However, the problem that often arises is that a person only pays back the minimum. If we take a credit card bill of $5,000 with an interest rate of 15% and the minimum payments at 4.5% Continue reading The Horror of Just Paying Monthly Minimum Payment to Credit Cards September 28th, 2009 | Tags: Budget, Credit, credit cards, Debt, Debt Snowball | Category: Debt | 3 comments
 A couple months ago I received a notice from a credit card which was previously eradicated from my modified debt snowball. I had dual thoughts, “hahhaha, it doesn’t matter if you jack up my interest rate, I paid all my credit cards off already, tough guy” and “You better not be trying to get a Continue reading Fight Back Against Credit Card Companies Cancelling Your Credit Card and Hurting your Credit Score August 13th, 2009 | Tags: credit cards, credit score, orginzation | Category: Personal Finance | 3 comments
 I’d like to think that I have a wide variety of friends. These friends range from successful business owners to civil servants to a friend that was unemployed for the better part of 18 months (health reasons). So it was interesting when I told a bunch of them about getting rid of my credit card Continue reading What Kind of Credit Card Debt Repayment Person Are You?  Luckily this blog is anonymous so I can talk about whatever I feel like! Well today I got a rough phone call from the Sister in Law. She was looking into buying a home with her boyfriend. Well, when they went to get pre-approved she was met with a a very low number due to Continue reading Your Credit Score Matters June 9th, 2009 | Tags: credit cards, credit score, Personal Situation | Category: Personal Finance | 4 comments
 Law of Diminishing Marginal Utility
I got on the subject of Law of diminishing Marginal Utility with The Wife today, a theory which I was able to explain to her today in english. Despite it being an economic theory (read: usually hard) it is quite easy to understand. First thing is first - utility means satisfaction. Investopedia defines the Continue reading The Law of Diminishing Marginal Utility and Debt Repayment March 11th, 2009 | Tags: credit cards, Debt, Economics, Random, Rant | Category: Economics | 6 comments
Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today I almost never lose my temper with customer service reps, and it usually gets me what I want or at the very least closer to my goal. Whether we are talking about the cable company, cell phone companies, and most financial/credit card companies – I usually get what I want. Before I get the comments about Continue reading Sometimes You HAVE to Ignore the Right thing to do! I Cancelled my Bank of America Credit Card Today January 21st, 2009 | Tags: credit cards, Debt, Debt Snowball, Random, Rant | Category: credit cards | 10 comments
I have discussed in the past that being that I am not out of debt, a rewards card is not a good decision…right now, but every so often I think about the rewards associated with credit cards. Regardless of my personal situation, I found an interesting article in Wall Street Journal titled, “Credit Cards Help Continue reading Credit Cards that Help? Not for me just yet December 9th, 2008 | Tags: credit cards, Personal Finance, Personal Situation | Category: credit cards | 6 comments
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