Category Archives: credit cards

Bank of America Credit Card

Credit Card, Debit Card or Cash?

credit cards, plan of action
Dave Ramsey says, “Responsible use of a credit card does not exist.” Mike at Living the Cheap Life disagrees and articulated his reasons. Back when we were debt-free (except for our mortgage) I used my credit cards wisely. I bought items in our budget that we had to buy anyway, and I got rewarded for those purchases. I admit it wasn't the best “reward” available – I received a $25 Amazon Gift Certificate for every $2500 that was charged onto… Read the rest

Her Mother is Rolling Over In Her Grave – a Credit Card Debt Story

Carnivals, credit cards, spending money
// // My friend's mother is probably rolling over in her grave. “Mom” was a very frugal lady. She didn't buy a vehicle unless she had cash, she invested in real estate and she counted her pennies. Everyone was surprised to find out how much money she had when she passed away three years ago. My friend (let's call her) Nancy was shocked when she discovered Mom had left instructions in her will for a home to be purchased for… Read the rest

How I Got In and Out of Debt The First Time

Carnivals, credit cards
I was a welfare mom with $6000 in credit card debt. Living at poverty level made credit card use almost a necessity some months, yet I knew deep down inside it was wrong. I didn't want to be in debt, so I did something about it. Here's my story. I started working full time when I was 16 years old, and continued to work after my first son was born when I was 23. When my baby was about six… Read the rest

Hopefully It’s Finally Over!! Balance Transfer Saga!

Balance Transfer Saga
I hope this is the final entry in the Balance Transfer Saga. I made up my mind that this weekend I HAD to “find out where we are with our money.” I've been busy for the past three weekends and haven't been able to get receipts entered into Quicken, reconcile accounts, look at our budget, etc. Thankfully the money Mr. A was waiting on finally was released and we had access to that money to cover everything without having to… Read the rest