November 17th, 2011
Review & Giveaway: The Credit Card Manifesto
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Are you a credit card-wielding 20-something? If so, then you should check out Martin Dasko’s “The Credit Card Manifesto: Completely Conquer Credit Before You Hit 30.”
Dasko, the mastermind behind the popular personal finance blog Studenomics.com, wrote this ebook in hopes of teaching his peers about the ins and outs of credit cards, how they affect your credit score, and how you can tackle credit card debt. Assuming the ebook’s numerous typos don’t bother you, you’ll be rewarded with a plethora of information and practical guidance.
Just the basics
This 62-page guide kicks off with “Life-saving info on credit cards,” which is essentially a run-down of some of the most important things you should know about that little rectangle of plastic. Dasko assumes his audience has minimal knowledge of how credit cards work, and gives helpful advice, such as using credit cards to track spending and purchase protection.
He also mentions that credit cards are the fastest way to build credit, which leads into the next section, “Why should I even care about my credit score?” Each subsequent section begins with a question, which helps guide the reader to the issues he or she is most concerned with.
For instance, if you’ve gotten into some serious debt on your cards, you might want to check out the section, “How can you crush that annoying credit card debt?” If you’re nearly out of credit card debt, but need help with that final debt hurdle, read the section, “What if you’re almost done paying down credit card debt?”
There are two sections in Dasko’s ebook that stand out as particularly unique. The first is “How did I use my credit card for the past 5 years?” In this fifth chapter of the ebook, Dasko emphasizes his personal experience with credit cards, even admitting the mistakes he’s made, such as overspending on credit due to convenience. “It’s much cheaper to learn from someone else’s mistakes,” writes Dasko.
In the ninth chapter, “What do you wish you knew about credit cards many years ago?” Dasko takes the time to talk to “older” (over 40) friends, who share some lessons they’ve learned about credit cards. For instance, one friend wishes he had known the consequences for not repaying credit card debt, while another emphasizes the danger of cash advances, especially the interest involved.
You’ve got homework
Another useful aspect of “The Credit Card Manifesto” is Dasko’s “Mandatory Actions.” He sprinkles actionable pieces of advice throughout his ebook, from setting up an emergency fund to tallying your total credit card debt owed.
Bottom Line: Even though Dasko’s typos might make you cringe, the content provided in “The Credit Card Manifesto” is excellent and the advice is spot-on. So, 20-something, before you apply for your next credit card, consider reading this guide and then find the right credit card for you.
Have a Karmic day,
Bethy Hardeman, Social Media Maven
Want to win a copy of “The Credit Card Manifesto”?
We have the “deluxe” package available to one lucky winner! It includes “The Credit Card Manifesto” ebook as well as Dasko’s guide “Deciding if You Should Rent or Buy in Your 20s.”
All you have to do is “Recommend” this review on Facebook, and then answer the following question in the comments:
“What do you wish you had known about credit cards?”
Leave your response in the comments! We’ll choose our favorites and randomly pick a winner! You have until 6pm PST on Tuesday, Nov. 22..
** “The Credit Card Manifesto: Completely Conquer Credit Before You Hit 30” is available for sale at Studenomics.**