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Financial Articles
World Bank chief warns of financial crisis World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy...
US Recession Risks Rises The threat of a new recession is rising in the United States, economists say, as they slash their ..
Unsafe US debt remains safe haven US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented ...
US borrowing tops 100% of GDP US DEBT shot up US$238 billion (S$287.2 billion) to reach 100 per cent of gross domestic project after the government's debt ceiling was lifted
Consumers consumed by debt The average consumer may feel far removed from the heated debates concerning the $14.3 trillion debt ceiling. But the truth is...
Financial Crisis II. Get out of debt now There is increasing talk among traders and financial analysts that the latest slump in global share markets
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Merry Credit Cards


Scriptural Financial Freedom Obtaining God's Blessing






Merry Credit Cards

Credit advice - strategies that work

Are credit cards good or bad? Wel, that depends on how you use it. We'll look at some practical advice and applications for the use of credit cards.

Credit cards are very useful tools if you know how to use them wisely. For example if you pay your regular bills using credit cards, you're actually simply using the payment to gain points or rewards offered by the credit cards. That's getting more bang for your buck on your regular payments.


Another useful application of credit cards - emergencies. There are times in life when emergencies require an injection of cash. However, make sure that you are able to repay that debt quickly. Lending insitutions do not want people to pay their credit card debts on time because of the 18 - 21 percent interest that is earned from credit card delays.

Which is the best credit card out there? Most people tend to look for credit cards that give you tempting rewards like travel incentives, or discounts at expensive restaurants. But most of these perks are not your regular bills and payments. Unless you fly often on business trips, travel rewards are aimed at getting you to spend more. Choose credit cards that comes with discounts to your regular bills, like gas.

When are credit cards bad? The answer is simple. To fuel a consumptive lifestyle. A Consumptive lifestyle is spending more than you can afford. Almost everyone is America falls victim to living a consumptive lifestyle. America is now paying for its lifestyle. You'll be surprised but men tend to buy bigger items irresponsibly - boats, cars, invesments, and second homes.

Never use your credit cards to pay for debt. The debt amount will just keep mounting. Many people justify indebtedness with the thought that they are making an investment when they purchase items. That's an unwise assumption.

The Bible does show many ways to overcome any financial crisis. Many of these principles are laid out in our successful course, the Scriptural Financial Freedom series. To learn more, you can download the Small Groups kit from our estore.


Today's Bottom Line

When choosing credit cards, make sure you gain from it instead of using it to fuel a consumptive lifestyle.

Calculate your mortgage, credit card repayment, loan interest as well as your compounding interest and more with our 25 calculators!

This article is from financial articles



Financial Freedom Tips & Toolbox

Today's Pick: The dangers of Debt The Dangers of Debt by [Stacy Johnson]



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