13 responses

  1. Kris @ Everyday Tips
    February 17, 2012

    You and I have the same beliefs regarding credit cards. I love my rewards, but if I coudn’t make my monthly payment, I would cut my Amex blue cash card up instantly.

    Arguing about finances would be a bummer. Hiding or justifying expenses would just be draining.

    • Money Reasons
      February 18, 2012

      I think if I couldn’t pay off the balance every month, I would cut them up too.

      I believe that we are master of the card instead of the cards being master over us (and yes this is a play on the word mastercard lol).

    • Invest In 2012
      February 20, 2012

      I’m totally with you. I’m kind of like Scrooge McDuck, pouring over my credit card summary each month.

  2. Mark D. Cook
    February 17, 2012

    I love blaming the spouse for a lot of things, but for credit card use it would be pretty easy since I don’t use one. I personally avoid using credit cards so I won’t get into debt. I invest for a living and being without a credit card has worked well for me throughout my lifetime.

    • Money Reasons
      February 18, 2012

      Since I few using a rewards credit card as a discount on purchases, and since we always pay off our balance every month, I few it as a great benefit (around $1000 every year) in using the “reward” cards to my advantage.

  3. Shilpan
    February 18, 2012

    I agree with Mark. My wife and I don’t use credit card. We have a business card from Amex. I use that to pay for the big ticket items. And pay it off monthly. It allowed us to fly free to Europe in first class. So, smart usage of credit card offers some goodies.

    • Money Reasons
      February 18, 2012

      Sounds like you agree with me more :)

      I’m advocating the exact move that you are doing, expect with consumer credit cards.

      Of course if any of my side businesses take off, I’m signing up for a business credit card too!

  4. BE @ BusyExecutiveMoneyBlog
    February 18, 2012

    I admire your position on credit cards. I just wrote a scathing post on my negative view of credit cards. They are just not for me anymore, but those that can play the game can be very effective I guess.

    • Money Reasons
      February 18, 2012

      My credit cards save me money by giving me discounts! :)

      As long as I’m in control and continue to pay them off in full every month, they are great in my opinion…

  5. Ella
    February 19, 2012

    I think sometimes we blame others because in them we see our own flaws…

    • MR
      February 19, 2012

      Possible. I know with my son, I use to be hard in correcting his errors, seeing may of my weaknesses in him. But I changed and let him figure it out and he’s doing much better.

  6. Eric
    February 20, 2012

    As a single guy, this has never been a problem. However, I have seen this argument in the past. Family finances are a shared endeavor and it is important to work together for success.

  7. Law Firm of Kevin D. Judd
    February 23, 2012

    Many people love their credit cards—some perhaps a little too much. Your post does a nice job of discussing the blame that can get transferred between spouses when a household has acquired too much debt, and you are correct to call for more acceptance of personal responsibility in these cases. I believe that one of the biggest misperceptions my clients tend to have when considering bankruptcy is that they will never be able to have credit cards again. Nothing could be further from the truth, as people filing Chapter 7 or Chapter 13 are inundated with new credit card offers almost immediately after filing. However, those offers need to be treated with care so individuals do not end up getting into the same situation all over again.

Back to top
mobile desktop