Due to the economy over the past few years, most of us have been re-thinking our priorities in terms of how we handle our money. What we buy, new or used, and how much can we save. What can we do without. How to pay for the things we do need.
There's a new way (not really new, just revived) of thinking these days. It's about buying ONLY what you can afford with what you have right now, in your wallet (or savings)! Of course that doesn't work for everything, but think about how much you could really be paying for with the cash you have instead of using credit or debit cards. And how much less it will really cost you!
Which leads me to: Move Your Money! Please! Big banks have got the little guys (us) by the you-know-whats and are beating us while we're down. There is a movement to quit the mega banks and end your abusive relationship now. Move your hard earned dollars to your local main street bank or credit union.
My money (what there is of it) is now at a credit union 2 blocks down the street from where I live. I have free checking accounts, even for my jewelry business. They know who I am. Extra bonus-I don't even have to fill out deposit slips.
I moved my one credit card balance to the same credit union and now enjoy a very low rate while I work to pay it off. I refuse to add anymore purchases to my card. Once that is paid off - I'm saying NO to the credit card companies. Even with the new laws that just took effect this week, I do not feel protected enough from these money sucking giants.
If you need extra incentive, take a look at this PBS documentary "The Card Game".
What are you doing to stay out of credit card debt? If you don't use credit cards, please share your game plan!