Comments on: Saving on a low income http://www.catchagideon.com/2006/10/27/saving-on-a-low-income/ Successful Personal Finance Blog Sat, 22 Nov 2008 17:59:41 +0000 http://wordpress.org/?v=2.0.4 by: digerati9 http://www.catchagideon.com/2006/10/27/saving-on-a-low-income/#comment-6 Fri, 27 Oct 2006 19:32:21 +0000 http://www.catchagideon.com/2006/10/27/saving-on-a-low-income/#comment-6 Something else I should have mentioned.... Most card companies now offer "pre-paid" cards. These are a great option for a few reasons: 1) The credit card laws still apply, so you can dispute charges if necessary 2) You can control spending by setting your own limit 3) You have to pay off enough of the amount to have credit for the next payment period. This means you have to be actively engaged in your finances. Something else I should have mentioned….

Most card companies now offer “pre-paid” cards. These are a great option for a few reasons:
1) The credit card laws still apply, so you can dispute charges if necessary
2) You can control spending by setting your own limit
3) You have to pay off enough of the amount to have credit for the next payment period. This means you have to be actively engaged in your finances.

]]> by: Eric http://www.catchagideon.com/2006/10/27/saving-on-a-low-income/#comment-5 Fri, 27 Oct 2006 17:19:49 +0000 http://www.catchagideon.com/2006/10/27/saving-on-a-low-income/#comment-5 "Use credit cards rather than cash. People tend to spend more when they use cash" While that's true, only spend what you can pay back immediatly when you get home. Following that thought, get a card that offers cash back or some other added incentives. (e.g., Air Miles, Petro Points, etc.). The golden rule is to always, always pay back what you use immediately. “Use credit cards rather than cash. People tend to spend more when they use cash”

While that’s true, only spend what you can pay back immediatly when you get home. Following that thought, get a card that offers cash back or some other added incentives. (e.g., Air Miles, Petro Points, etc.).

The golden rule is to always, always pay back what you use immediately.

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