June 2nd, 2010
Wednesday Trends in Credit Cards & Debt
With a credit card, overspending is as easy as swiping one too many times and finding yourself knee-deep in debt before you know it. MSNBC’s post, 8 reasons you spend too much, figures out why consumers overspend so quickly and so easily. The number one reason is paying with plastic, in which case consumers are willing to spend more when they pay with credit card rather than cash. “Credit cards allow consumers to focus more on what they’re getting or buying, than what they’re losing or spending,” MSNBC reports. Escape your shopping addiction and stay out of debt by managing your credit cards wisely.
For more posts on credit cards and dealing with debt, check out the following roundup.
Credit Card News
- PT Money discusses excessive credit card debt: how much is too much? Check your own credit card balance to see if you’re pushing your limits.
- Bargaineering suggests how to analyze credit cards rewards programs.
- Forbes’ credit card tip of the week gives you the cold hard truth–your rewards points are worthless.
- Credit card habits show signs of change as consumers pay off debt, save more, reports The Washington Post.
- Need to rebuild your credit history? Canadian Finance Blog blogs 5 Tips for Getting Back on the Credit Card Ladder.
Debt News
- Clear Debt Online provides steps to figure out How To Make Your Debt Payments.
- What debts are you struggling to pay off? Take the reader poll and see the results at 20 Something Finance Blog.
- What can 1% do?, asks DebtKid blog. See how DebtKid uses a “side hustle” to get out of debt… maybe you can do it too.
- Understanding why debt occurs and what to do about the financial slump, blogs Own The Dollar.
- 5 Steps To Get Out Of Debt, from Moolanomy Personal Finance. Step one is to never pay only the minimum.
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- Wednesday Trends in Credit Cards & Debt Consumers are faring better with on-time credit card payments, reports MainStreet, as delinquency rates on credit card payments slipped lower...
