The Recession

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
The Recession
96
Tue, 02-23-2010 - 10:03am
Has the recession caused you to change your lifestyle, including the decision to SAH or WOH?

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“Wise men speak because they have something to say; Fools because they have to say something.”

Plato

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iVillage Member
Registered: 05-10-2009
Fri, 03-12-2010 - 1:24pm
Yep. There is some added security with a credit card vs. a debit card.
iVillage Member
Registered: 05-10-2009
Fri, 03-12-2010 - 1:27pm
We haven't hit "thousands" yet ... but definitely multiple hundreds.
iVillage Member
Registered: 01-08-2009
Fri, 03-12-2010 - 1:28pm

I charge all my work travel unless it is something I am required to put on a department credit card, and usually get reimbursed for it, plus 3% cash back....

iVillage Member
Registered: 01-15-2006
Fri, 03-12-2010 - 2:16pm

incomes, people with a history of bad debt, people without the discipline to pay it off every month, etc.

 

iVillage Member
Registered: 08-22-2009
Fri, 03-12-2010 - 2:41pm

"you don't spend what you don't have."

The only difference between using a credit card for day to day expenses and paying it off monthly and using a debit card is with a debit card the money comes out a little bit at a time throughout the month and with a credit card you make one big payment the following month. If someone has only used a credit cards and has not actually spent any money then guess where the money that has been deposited over the last month is, in the bank. They have the money. They have not spent what they don't have.


iVillage Member
Registered: 03-08-2010
Fri, 03-12-2010 - 3:25pm

We used our cruise line's cc for everyday things too to get points for our up-coming cruise. We actually accrued enough points to get $300 (the only choice that would have work for us) for onboard things or excursions. We have since gotten the reward and have no balance on the card. It helped us with extra money for this cruise for just using it for things we would pay cash for anyway.

We also recently got $20 (which of course is not alot) from another cc for putting everyday things on it also that got paid right off. We were able to get 2 movie tickets and a $5 gc that we got food at the movies with :)

iVillage Member
Registered: 01-15-2006
Fri, 03-12-2010 - 6:08pm

you know, i've always been skeptical about the whole cash/rewards back programs.

 

iVillage Member
Registered: 05-10-2009
Fri, 03-12-2010 - 6:21pm

<<..but i am familiar with the old fashioned discipline, you don't spend

iVillage Member
Registered: 05-10-2009
Fri, 03-12-2010 - 6:25pm

I have never paid a single penny in annual fees, late fees, interest, transfer fees or the like to my cash-back credit card.

iVillage Member
Registered: 01-08-2009
Fri, 03-12-2010 - 6:26pm

That actually is NOT the case. I pay our Discover Card off every month and in the twenty years I have had the card I have only been late once, when we were out of town. I did get hit with a big fee, something like 25 dollars. There is no annual fee or anything to the consumer.

Credit Card companies do not just get money from the float or the fees and interest. The retailers pay a small fee everytime they use a credit card. If I go to a restaurant and charge a 40 dollar meal, the restaurant may pay the card company 2 dollars as a service fee. If I charge 1000 a month and pay it off every month, I pay nothing, but if the credit card company charges a 2 dollar fee for every transaction over twenty dollars, and a dollar for those under, which is kind of standard, they are probably making well over fifty dollars a month off my thousand. So it is to their advantage to pay me thirty dollars a month to keep using their card.

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