http://www.discoverdebtfreedom.com/2008/08/29/why-save-to-spend-is-still-the-best-strategy/ Get Out of Debt and into Wealth Thu, 29 Dec 2011 07:28:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.discoverdebtfreedom.com/2008/08/29/why-save-to-spend-is-still-the-best-strategy/comment-page-1/#comment-651 Kim Landt Sun, 07 Sep 2008 03:48:09 +0000 http://www.discoverdebtfreedom.com/?p=298#comment-651 Your example for the cost of the table is wrong. 200 x .15 = 30. Interest is yearly. For the monthly calculation, look on your credit card statement. I do agree that credit cards are bad. One of their sneakier tricks is the extremely fine print where your interest rate jumps up to some outrageously large number when you are late for ANY bill. My sister got screwed over by one of her cards. Then there's the fees.... Your example for the cost of the table is wrong. 200 x .15 = 30. Interest is yearly. For the monthly calculation, look on your credit card statement.
I do agree that credit cards are bad. One of their sneakier tricks is the extremely fine print where your interest rate jumps up to some outrageously large number when you are late for ANY bill. My sister got screwed over by one of her cards. Then there’s the fees….

]]> http://www.discoverdebtfreedom.com/2008/08/29/why-save-to-spend-is-still-the-best-strategy/comment-page-1/#comment-635 karla (threadbndr) Thu, 04 Sep 2008 18:56:31 +0000 http://www.discoverdebtfreedom.com/?p=298#comment-635 Plus if you stick your cash in a savings account, you'll earn at least a little interest on it instead of PAYing interest. Granted that would work better on a larger purchase (like a vehicle), but even a couple of dollars is better than nothing. Plus if you stick your cash in a savings account, you’ll earn at least a little interest on it instead of PAYing interest. Granted that would work better on a larger purchase (like a vehicle), but even a couple of dollars is better than nothing.

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