Over at Contract Worker, Rico asks if freelancers should use credit cards. He tells a story on himself about how easy it is to spend more than planned with a credit card.
My hunch is no one should use credit cards unless they are independently wealthy, and even then, only if they pay them off each and every month. The fees and interest are outrageous. Whatever happened to usury laws? Thirty percent? With penalties if I’m late? That’s 30 cents on every dollar… no way, not for me.
It always seems worthwhile to actually look at how long it will take you to pay off a credit card debt. Lots of sites provide calculators. One of my favorites is at BankRate.com
Go ahead, check out your balance there and see how long it will take you making the payments your making now.
I’ve learned to save for what I want… an old fashioned concept, but it’s was so cool to know, when they delivered my new couch, it was paid for!
What do you think? Do you use credit cards? Are they working for you?
Write well and often,
Two newsletters:
Abundant Freelance Writing - a resource for freelance writers including 3x a week job postings.
Writing With Vision - for those who want to get a book written.
Image from http://www.sxc.hu
Tags: credit, credit cards, editors, freelance writers and credit, freelance-writers, freelance-writing, home-business, translators, work-at-home, writersShare This
