I wish everybody a Happy and Healthy Thanksgiving! I hope enjoy the day with family and friends.....and, of course, food.
We all know that "the day after" is Black Friday. This is a "make or break" day for many stores during the holiday season. However, this does NOT have to be a "make or break" day for your and your finances.
With that said, if you are going to battle the crowds this Friday, please bring a set amount of money with you and do not go beyond amount. Also, if you know that you are frequently tempted to use credit cards or department store cards, leave them at home. In the long run, you will be happy that you did, especially if you tend to carry balances from month to month.
The cash back and bonus points rarely make up for all the money spent and interest charges incurred. To me, it's not worth it.
Stay tuned for more!
Showing posts with label credit cards. Show all posts
Showing posts with label credit cards. Show all posts
Tuesday, November 22, 2011
Tuesday, October 18, 2011
I'm BAAAAACK!!!
Hi Everyone,
It has been WAY TOO LONG since I've posted something on my blog. Now, I could use the excuse that I have been busy promoting my book, "Master The Card: Say Goodbye to Credit Card Debt...Forever!", actively building a following on my website, www.joeparetta.com, or assiduously grading essays and instructing students...and that's all true!!
But now, I am focusing on sharing my knowledge about getting out of credit card debt and also providing tips and other infomration that you will find valuable on your own voyage away from what I call those "plastic hand grenades" (credit cards).
So, please stay tuned. There's MUCH more to come!
It has been WAY TOO LONG since I've posted something on my blog. Now, I could use the excuse that I have been busy promoting my book, "Master The Card: Say Goodbye to Credit Card Debt...Forever!", actively building a following on my website, www.joeparetta.com, or assiduously grading essays and instructing students...and that's all true!!
But now, I am focusing on sharing my knowledge about getting out of credit card debt and also providing tips and other infomration that you will find valuable on your own voyage away from what I call those "plastic hand grenades" (credit cards).
So, please stay tuned. There's MUCH more to come!
Wednesday, February 9, 2011
Credit Card Debt: Up in December
The Federal Reserve announced that for the first time since August 2008, just two months before the "official crash" of the United States economy, revolving debt on credit cards increased. The Fed believes this was largely due to increased spending during December for the holiday season.
Whatever the reason, this is not a good sign for people who carry balances on their credit cards every month. With the average hosuehold credit card balance around $9,000 (and that is with many people foregoing their credit cards over the last two years), increased card use is not going to solve the problem.
Whether people think that the economy is getting better or they are simply tired of not buying, one wonders if this news is just the beginning of a trend which will send many American consumers even deeper into debt.
It's time to change the way we think about spending and especially about credit card debt.
Get my new book "Master The Card: Say Goodbye to Credit Card Debt...Forever!"
For more information, go to www.joeparetta.com and click the "Purchase Book" link.
Whatever the reason, this is not a good sign for people who carry balances on their credit cards every month. With the average hosuehold credit card balance around $9,000 (and that is with many people foregoing their credit cards over the last two years), increased card use is not going to solve the problem.
Whether people think that the economy is getting better or they are simply tired of not buying, one wonders if this news is just the beginning of a trend which will send many American consumers even deeper into debt.
It's time to change the way we think about spending and especially about credit card debt.
Get my new book "Master The Card: Say Goodbye to Credit Card Debt...Forever!"
For more information, go to www.joeparetta.com and click the "Purchase Book" link.
Monday, February 7, 2011
My Interview With The Debt Free Divas
Last Thursday (February 4), I was the guest on an internet radio show called "The Debt Free Divas." Toni and Jill (The Debt Free Divas) and I spoke about my new book, "Master The Card: Say Goodbye to Credit Card Debt...Forever"
We focused on the time in my life when I had several thousands of dollars of credit card debt, what made me start to take inventory of my financial life, and how I climbed out of debt, little by little.
We also spoke about how great life becomes when one no longer has the albatross of credit card debt "around our necks" and weighing us down. We talked about many of the dreams that we can pursue when debt is out of the picture.
Without giving away more of the interview, I invite you to listen to the show.
The interview is archived at the Debt Free Divas website. Click on the link here - www.blogtalkradio.com/debtfreedivas
Listen to the Debt Free Divas every Thursday at 11:30am Central and 12:30pm Eastern time.
Lastly, visit my website at www.joeparetta.com for information on purchasing the book and to see all the services offered.
We focused on the time in my life when I had several thousands of dollars of credit card debt, what made me start to take inventory of my financial life, and how I climbed out of debt, little by little.
We also spoke about how great life becomes when one no longer has the albatross of credit card debt "around our necks" and weighing us down. We talked about many of the dreams that we can pursue when debt is out of the picture.
Without giving away more of the interview, I invite you to listen to the show.
The interview is archived at the Debt Free Divas website. Click on the link here - www.blogtalkradio.com/debtfreedivas
Listen to the Debt Free Divas every Thursday at 11:30am Central and 12:30pm Eastern time.
Lastly, visit my website at www.joeparetta.com for information on purchasing the book and to see all the services offered.
Tuesday, February 23, 2010
Something Worth Watching!
I am always "on the lookout" for people who want to help others become debt free. I "found" one such person yesterday. Her name is Joyce Meyer. I have been watching her television programs for many years, but yesterday, she addressed the topic of debt, and in particular, credit card dbet.
I recommend that everyone goes to her website - www.joycemeyer.org - and watch the program there.
And as always, thanks so much for reading my blog.
Comments are always welcome!
Joe
I recommend that everyone goes to her website - www.joycemeyer.org - and watch the program there.
And as always, thanks so much for reading my blog.
Comments are always welcome!
Joe
Monday, August 10, 2009
It's Off To School We Go!
It's August. That means that by the end of the month, most or all students will be back in the classroom, starting another year of education. Especially for college students, this means trips to the bookstore to buy texts and other course necessities.
As a college instructor for the last 13 years, I have seen first-hand how many students are undisciplined when it comes to spending. This is particularly true when it comes to the use of credit cards. Some students have cards in their own name; others use their parents' cards. Either way, this can be a dangerous situation and a bad spending habit that can last a lifetime, without careful consideration and advice.
Many credit card companies and banks are aware of the naivete of these young men and women as well as their desire for instant gratification. For several years, representatives of these companies would show up at campus student centers and "invite" students to sign up for their cards. In many cases, this led to hundreds, and in some cases thousands, of dollars of debt, on top of student loans. Sadly, many parents were not aware of this excessive debt until it was "too late."
So my advice to students is to avoid these salespeople should you see them on campus. Also, if the cashier happens to throw a credit card application into the bag along with your books, tear it up and throw it out ASAP.
Parents, be aware of your child's spending habits, especially if he or she is away at school. Monitor this very carefully. Don't be afraid to ask how they are buying things, what they are buying, etc. In this case, ignorance is NOT bliss - it can lead to pain: in the wallet!
I wish students and teachers a successful academic year!
As a college instructor for the last 13 years, I have seen first-hand how many students are undisciplined when it comes to spending. This is particularly true when it comes to the use of credit cards. Some students have cards in their own name; others use their parents' cards. Either way, this can be a dangerous situation and a bad spending habit that can last a lifetime, without careful consideration and advice.
Many credit card companies and banks are aware of the naivete of these young men and women as well as their desire for instant gratification. For several years, representatives of these companies would show up at campus student centers and "invite" students to sign up for their cards. In many cases, this led to hundreds, and in some cases thousands, of dollars of debt, on top of student loans. Sadly, many parents were not aware of this excessive debt until it was "too late."
So my advice to students is to avoid these salespeople should you see them on campus. Also, if the cashier happens to throw a credit card application into the bag along with your books, tear it up and throw it out ASAP.
Parents, be aware of your child's spending habits, especially if he or she is away at school. Monitor this very carefully. Don't be afraid to ask how they are buying things, what they are buying, etc. In this case, ignorance is NOT bliss - it can lead to pain: in the wallet!
I wish students and teachers a successful academic year!
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