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Never Sign Up For Store Credit Cards

never sign up for store credit cards

We’ve all heard the sales pitch before: “Would you like to save 20% on today’s purchase by signing up for an XYZ charge card?” The cashier delivers the pitch with a smile. For those of us who say, “No,” the cashier usually looks around and whispers to us. He’s says something along the lines of, “You should just sign up for the card to get the discount and then just pay it and cancel the card before you have to pay interest.” He acts like he’s helping you save money by telling you a secret he shouldn’t be telling you but this is terrible advice that should never be taken. More »

Bathe and Brush Your Own Pet

bathe brush your pet

If you own a pet, you know that sending your dog or cat to the groomer can cost big bucks. In order to save money, we recommend that you bathe and brush your own pet.

Here in New York City, a simple bath and nail trim for a small dog will set you back around $70. The prices are much higher for larger dogs.

Many of us wish we could wash our own pets and trim their nails, but we are too nervous to do so. Or maybe we think we won’t be able to control our pets in order to properly bathe them. More »

Pay Off High Interest Rate Credit Cards First

pay off high interest rate credit cards first

Pay off high interest rate credit cards first. It would seem that this would be a relatively common sense approach to paying down debt but many people do not even know which of their credit cards carries the highest interest rate.

To find out, call the number on the back of your credit card and ask the customer service representative what your current interest rate is. While you are on the phone, ask the representative to lower the rate, no matter what it is. More »

Pay More Than the Minimum Credit Card Payment Each Month

credit card minimum payment

We’ve all heard this one before but I will say it again:
Pay more than the minimum credit card payment each month.

Paying more than the minimum payment on your credit card each month is so important because of the effects of compound interest on your balance. Add the fact that credit card rates border on usury these days, and paying only the minimum amount required by the credit card company can be disastrous. More »