Comments on: Is it really about how you pay?

By: ConsciouslyFrugal

ConsciouslyFrugal — Thu, 26 Mar 2009 19:23:53 +0000

Blunt $$– Green America (formerly Co-Op America) has a page dedicated to credit cards that are more socially responsible than the average bear. I can’t swear by any of them, ‘cuz I haven’t ventured there yet (one day!), but if you’re curious, here’s the link: http://www.coopamerica.org/pubs/realmoney/articles/ResponsibleCreditCards.cfm

By: NCN

NCN — Wed, 25 Mar 2009 02:49:26 +0000

Thanks for the link-love.
One thing… I could, very easily, go right back to credit cards, and we’d do just fine. I’ve learned to control my spending, and I live on a budget. That being said, I just don’t like the darn things, and I believe that living cash-only (w/ occasional debit card use and writing a few checks) keeps me IN TOUCH w/ our finances.

By: bluntmoney

bluntmoney — Tue, 24 Mar 2009 04:07:38 +0000

Huh, CF, I didn’t know there were cards like that…

By: ConsciouslyFrugal

ConsciouslyFrugal — Tue, 24 Mar 2009 01:01:04 +0000

I stopped using credit cards awhile ago, largely for the same reasons you mention. However, I do all I can to avoid using them now not because of a sense of fear or lack of self-control, but because I think it is a wretched industry with some alarming unethical and exploitative practices. There are cards available from companies that utilize ethical business practices, are not predatory in their lending, and even donate to worthwhile causes. At some point, I may venture back into credit card land with one of those specialty cards. But until then, the credit card industry (at least in my little universe) can suck it.

By: Amy

Amy — Mon, 23 Mar 2009 16:43:13 +0000

It’s all about learning from mistakes and doing what works for you. I am able to use both cash and credit responsibly.

By: lulugal11

lulugal11 — Mon, 23 Mar 2009 16:29:40 +0000

I think a lot of people who do not use credit cards are afraid of the cards. They do not have the self control it takes to make a budget and then use the card within that budget to get things and then pay off the card.

I use my credit cards for all purchases because I get cash back on the cards. I pay the card off in full every month…..so no balance means no fees but I still get 1-5% cash back on purchases…so I make money using my cards.

I stick to my budget…I have $25 for clothes for the month…so if I buy one shirt then I can’t spend any more. I don’t look at the card as an extension of the $25.

By: kim

kim — Mon, 23 Mar 2009 14:19:18 +0000

I like your your post and I definitely learned a thing or two in using my credit card. I agree with you when you say self control. Its a must when you have a credit card.