http://www.thesimpledollar.com/2006/11/18/credit-cards-as-small-purchase-tools-pros-and-cons/ Simple, applicable personal finance advice for the modern world Thu, 18 Mar 2010 12:46:50 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.thesimpledollar.com/2006/11/18/credit-cards-as-small-purchase-tools-pros-and-cons/comment-page-1/#comment-528397 Rob Fri, 20 Feb 2009 19:00:15 +0000 http://www.thesimpledollar.com/2006/11/18/credit-cards-as-small-purchase-tools-pros-and-cons/#comment-528397 You can get around the variable payment issue if you take out a cash allowance on a weekly basis that you can use to make your small purchases. This amount can be put into a personal cash flow file or budget. You can then accumulate reward points on regular purchases that total the same amount, or approximately, every month, such as haircuts, dry cleaning, groceries and gas. That will give you a relatively stable number that you can plan on paying each month. You can get around the variable payment issue if you take out a cash allowance on a weekly basis that you can use to make your small purchases. This amount can be put into a personal cash flow file or budget. You can then accumulate reward points on regular purchases that total the same amount, or approximately, every month, such as haircuts, dry cleaning, groceries and gas. That will give you a relatively stable number that you can plan on paying each month.

]]> http://www.thesimpledollar.com/2006/11/18/credit-cards-as-small-purchase-tools-pros-and-cons/comment-page-1/#comment-237 Trent Sun, 19 Nov 2006 21:58:50 +0000 http://www.thesimpledollar.com/2006/11/18/credit-cards-as-small-purchase-tools-pros-and-cons/#comment-237 They're fine tools if you have financial discipline, but many people don't have that discipline, and that's why you see so many credit counseling advertisements on television and the internet lately. They’re fine tools if you have financial discipline, but many people don’t have that discipline, and that’s why you see so many credit counseling advertisements on television and the internet lately.

]]> http://www.thesimpledollar.com/2006/11/18/credit-cards-as-small-purchase-tools-pros-and-cons/comment-page-1/#comment-236 Sun Sun, 19 Nov 2006 21:50:50 +0000 http://www.thesimpledollar.com/2006/11/18/credit-cards-as-small-purchase-tools-pros-and-cons/#comment-236 Actually, I use credit cards to pay for almost everything, even only $2. The reason I like paying with credit cards is I can easily see how much I spent. Earning rewards is another factor. I feel that as long as I manage my cards well and pay the balance in full every month, why should I worry about using them? Actually, I use credit cards to pay for almost everything, even only $2. The reason I like paying with credit cards is I can easily see how much I spent. Earning rewards is another factor. I feel that as long as I manage my cards well and pay the balance in full every month, why should I worry about using them?

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