December 30th, 2009
Wednesday Trends in Credit Cards & Debt
Do you think you could live happily on 75% less money? MSN Money poses this question as the Great Recession spills over into 2010 and challenges consumers to do more with less money. Is living a happier, more financially-fit lifestyle on your list of resolutions this year? Read ahead for debt reduction tips and credit card strategies to help you maximize your New Year’s money management habits.
Credit Card News
- Charge cards make a comeback in our credit crunched economy in the Wall Street Journal’s Tamer cards for toughter times.
- Another alternative to credit cards is gift cards, and MSNBC wants to make sure you know how to get full value for your gift card.
- Building an army of cashback credit cards is the best way to optimize your earning power as a savvy credit card user, advises Money Under 30.
- New credit card rules add accountability reports the Los Angeles Times, and explains how your credit card company will change once major industry reforms take effect in February.
- What is the 10 second credit limit increase? Bargaineering blogs on the quick credit line increase you might be eligible for, and also the benefits and drawbacks of upping your limit.
Debt News
- Wise Bread helps consumers get a grip on their debt with advice on how to obtain a clear, concise snapshot of your personal finances.
- If you are intimidated by the heights of your mountain of debt, The Chicago Tribune maps out the first steps on how to scale it.
- Looking into debt consolidation? Doughroller suggests one method of consolidating debt with P2P websites Lending Club or Prosper; it might be just the kind of debt help you need.
- Pay off debt in 2010 by increasing your debt snowball blogs Enemy Of Debt. Some motivating words to get you on your way: “Being broke is no fun. Living paycheck to paycheck is stressful, so now it is time to make the changes necessary.”
- Another post to help with your New Year’s resolution to ditch debt: Kiplinger puts you on a financial diet for 2010 with 4 ways to trim your spending. Start simple with #1: Track your spending.
