http://moneysmartlife.com/credit-card-debt-lessons-learned/ Money Tips for a Better Life Sat, 21 Nov 2009 07:43:50 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://moneysmartlife.com/credit-card-debt-lessons-learned/comment-page-1/#comment-71472 thehungrydollar.com Tue, 11 Mar 2008 17:56:19 +0000 http://moneysmartlife.com/credit-card-debt-lessons-learned/#comment-71472 Step 3, planning for unexpected expenses is crucial! This can really come back to bite you if you neglect this step. I learned this the hard way... Step 3, planning for unexpected expenses is crucial! This can really come back to bite you if you neglect this step. I learned this the hard way…

]]> http://moneysmartlife.com/credit-card-debt-lessons-learned/comment-page-1/#comment-71120 Tim Mon, 10 Mar 2008 20:06:47 +0000 http://moneysmartlife.com/credit-card-debt-lessons-learned/#comment-71120 credit cards are a convenience tool and should be treated as such. they shouldn't be defined in terms of emergency use only. you should define emergency. Relying on credit when you are in debt for an emergency is a bad idea, since you will most assuredly go further into debt in order to pay for the emergency. keeping a credit card to use in emergency situations where you have the money to pay off in full is what you should aim for. credit cards are a convenience tool and should be treated as such. they shouldn’t be defined in terms of emergency use only. you should define emergency. Relying on credit when you are in debt for an emergency is a bad idea, since you will most assuredly go further into debt in order to pay for the emergency. keeping a credit card to use in emergency situations where you have the money to pay off in full is what you should aim for.

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