Somewhere while I was digging out from $70,000 in debt, I learned that you had to be able to save and actually pay cash for purchases in order to avoid debt. Growing up this was not something that had been instilled...
If you are in debt, you most likely know that access to your credit card is probably what got you there. If you are one of those people, just admit and live with it. It’s ok. Most of us have been...
We found out last night. That’s right, when I opened Quicken last night to reconcile the days transaction I noticed a $1.59 charge from a local Wawa. I consulted with the Rockette and we noticed that her whole purse was missing....
This is the second post in the principles in action series that will illuminate a practical application of a positive life principal. The first in the series addressed treating others like they have value. The advertisement @ the Clever Dude was...
This is a guest post form Linda Bustos. Linda is an editor for CreditorWeb, where you can learn about credit cards, compare offers, and apply for a business credit card online. We all know that banks are not on our side....
Credit cards are cleverly designed so that we can comfortably spend more than we make. One of these design features is that we are allowed to make repeated small purchases, yet the purchase ‘pain’ is limited to a mere twelve times...
Duncan Simester created one of the first experiments that attempted to directly test how consumer’s ‘willingness to pay’ is affected by credit cards. In this experiment 1st year MBA students were instructed to provide a sealed envelope with the amount that...
In honor of the upcoming cash spending experiment I wanted address the benefits and drawbacks of spending cash. I will revisit this list after the cash experiment to see if I have anything to add or critique. Benefits of Spending Cash...
With June drawing to a close, I wanted to lay out the plan for the cash only spending experiment in July. I talked about the impetus for the experiment in the ditch the credit card and save post. Using the scientific...
I admit it, we do 95% of our spending on plastic. We have been using our debit and credit cards for years to pay for just about everything. The discipline is there, so everything is paid in full at the end...
