Wednesday, August 17, 2011

Do not touch a credit card unless you have your finances in order first.

You must be at least 6 months of emergency expenses in a savings or cd. If you get a card without this emergency fund is likely to carry balances that can only be reduced and sometimes destroy credit. Yes, I have seen lives destroyed by the credit card debt. Just get a card if you have savings and you know you can pay in full each month.

No comments:

Post a Comment