Late Credit Card Payments are the lowest they’ve been in seventeen years. This is despite an increase in the use of credit cards. People are cutting back on the number of cards they carry and accumulating less debt in general. Credit cards are great…if you pay them off. It is often too easy to lose track of how many money you have because you can spend much more with a credit card. As long as you pay off the bill by the due date, a credit card is essentially a short-term loan. The downsides only come when you can’t pay. More…
Start with Mint August 8, 2011
We have several different personalities who will be contributing to Dealy Planet, but I wanted to start out talking about my recent attempts to get my own finances organized. Like many, I procrastinated.about this, telling myself I’d get organized when I had some money. Then I realized one simple truth. If I didn’t get organized, I’d never have any money. You can’t instinctively keep track of your finances. Well, maybe YOU can…but I can’t. So, as the title says…Start With Mint. Mint is a web-based personal finance management service available in the United States and Canada, and is a subsidiary More…
Why You Want to be Frugal and Not Cheap August 3, 2011
People use the term cheap as a derogatory term, and they often use the terms frugal and cheap as if they were synonyms. A frugal person is restrained in their acquisition of goods and services. They are not afraid to spend money when necessary, but they do so responsibly, and restrain their impulse buying. You want to be frugal. You do not want to be cheap, although if you are, you can certainly benefit from our thoughts as well. A cheap person avoids spending money at all costs, and does not consider the value of an item, only its monetary More…