11 responses

  1. Money Funk
    March 31, 2010

    Great cash only guidelines.

    We are using our CC for our Maui trip and then going to PIF it the cash sitting in the savings account that was meant for this trip. :)

    It’s easier to order everything online, enjoy the trip, and then pay it off after its all been enjoyed.

  2. MoneyReasons
    March 31, 2010

    Ah, good point! Another great reason to go with credit cards.

    I wrote this article because I have friends that cut up there credit cards (except for 1 emergency one that’s in the freezer, wrapped in plastic).

    I use my credit card for as many purchase as possible. And I will continue to do so as long as they don’t start charging too many bogus fees.

    Have a GREAT trip!!! It sounds wonderful!

    Hopefully in a 2 or 3 years we’ll get to go down there on vacation too.

    So far, I’m the only one in my family that hasn’t been there… :(

  3. Daddy Paul
    March 31, 2010

    I will use my credit card every time but then I always pay my balance. I guess I am what the credit card companies call a dead beat.

  4. Money Reasons
    March 31, 2010

    Me too, I wonder if they really call us deadbeats, or if someone started that rumor…

    Either way, it’s a great way to do it!

  5. Roger, the Amateur Financier
    April 7, 2010

    Not a bad summary of the pros and cons of credit card and cash use. Too many people tend to favor one type of payment exclusively, believing that their favored method is the best, without looking at the pros and cons of both.

  6. MoneyReasons
    April 7, 2010

    @Roger
    Cash and Credit Cards are just tools to accomplish a goal.

    But with any power tool, some financial tools require more care than others, such is the case with credit cards.

  7. debtbuster
    May 31, 2010

    It’s totally true. Impulsive buying and credit cards definitely don’t go unless you’re trying to climb all the way to the top of the highest debt ladder. But it’s also true that credit cards can have their advantages as well. If you can handle it who wouldn’t want some little bonus rewards?

  8. Help With Debt
    August 25, 2011

    It doesn’t really matter which way you pay for something, the important thing is weather or not you have the money saved up for it or are you buying it on credit and then paying more in interest.

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