Investor''s Business Daily Newspaper Review
Summary ratings: 3 stars
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Published: September 16, 2007
Businessman Urges Consumers To Cut Up Their Credit Cards!
"A national personal finance adviser wants consumers to give the themselves a present New Years by resolving to eliminate high interestrates and credit cards.
Consumers are being encouraged to berak their reliance on plastic and adopt a cash-only policy when hitting the stores. Plus, consumers are being advised to follow some unusual shopping tips to reduce the temptation they feel to buy on impulse.
You should eat before shopping because a full stomach makes you a picker shopper and limiting shopping to three hours because shop till you drop leads to exhaustion and impulse buying. Also aviod the social politics of gift giving by not trying to "buy love, make up for time away for being frugal the rest of the year."
When you have a credit card in your wallet, it''s so easy to give in to temptation. Credit card debt is not a way of life. It''s a choice. By using credit cards, people make a commitment to spend future dollars that they might not earn. Nationally, the average credit card debt per household in 2002 was $8,278, or a total of $60 billion.
Credit card owners take way too much money. money they may never even return and with iterests rates so high, its a black hole.
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