Comments on: 3 Habits Of Highly-Responsible Credit Card Users

By: Chuck

Chuck — Wed, 12 Oct 2011 02:39:44 +0000

First, The article was great.I was wondering if I could put some links out to it.
I am one of the few that pay their card off every month.The way I do it is like this. I go to the store and spend 12.45 on my MasterCard. I immediately go home and transfer 13. Dollars into a special account.I continue this until it’s time to pay the bill.Simple!
And yes,you can beat someone at their own game.Simply because they will get cocky,and that is when you make your move.

By: Screw Robin Hood: New Study Claims Credit Card Rewards Take from the Poor to Give to the Rich

Tue, 21 Sep 2010 04:28:16 +0000

[...] The 3 Habits of Highly Responsible Credit Card Users [...]

By: Do Credit Cards Increase Your Spending? - Amateur Asset Allocator

Do Credit Cards Increase Your Spending? - Amateur Asset Allocator — Thu, 25 Feb 2010 11:02:08 +0000

[...] obviously, some people spend the same and still others probably spend less, as there are plenty of responsible credit users out there. But one of the things that makes the use of credit cards so insidious is that the [...]

By: 9 Habits Of The Debt-Free Credit Card User | Redeeming Riches

9 Habits Of The Debt-Free Credit Card User | Redeeming Riches — Wed, 11 Nov 2009 11:44:35 +0000

[...] Links: 1, 2, 3, 4 Tweet This!Share this on FacebookShare this on del.icio.usDigg this!Share this on TipdBuzz [...]

By: Sadie

Sadie — Sat, 15 Aug 2009 22:53:43 +0000

Ha! I reference What about Bob often, saying “Baby Steps” in Bobs quivery voice, the part where Bob is trying to leave his apartment feels like me and my finances….

By: LDig

LDig — Wed, 08 Jul 2009 19:29:09 +0000

First, I enjoyed the article. Maybe it’s because I’m a “responsible” card-holder but I’ve never considered a cc card “just a piece of plastic” w/little financial emotion attached to it…to be honest I doubt that most cc users that pay their balance off at the end of each month do. It probably more likely feels less than spending actual money for those who only pay a portion of the bill each month.
I know you mention in the article that most cc holders spend more on credit than they do with credit/cash (and I’ve heard this statistic many places), but most also carry a balance; what I would be more interested in is the statistics of those that pay the balance, on whether or not they spend more w/a cc than debit. It’s those that think of cc’s as “just a piece of plastic” that get themselves over enough that they can’t pay the balance.

If anything I, and most I know who pay their balances are the opposite. I know I have to pay a lump-sum twice a month (I pay half the bill w/each paycheck) so I am even thriftier, because I know I will have to look at that large bill and if “feels” like I’m already spending more when I have to do it in full. W/out trying to sound snooty (I’m only 25 and make less than 30k /year so I’m far from being a Snooty McSnooterson ) I think that many of us that are conscious enough to pay the balance off are conscious enough to have a mental monthly limit of what we are willing to spend, or can afford without needing to too many tools or goading to reign in the cc spending. I use my cc for everything…I barely remember my debit pin. I don’t touch my income except to pay off the credit card, so to me my cc is like cash.
And if you can pay the balance off each month, what parameters are there then to say that one is “spending more” than they would w/cash? People speak of the “convenience” of plastic, but isn’t debit just as convenient? If I’m spending more money it’s not because I’m using a CC, it’s because I wanted whatever it was I bought, and I can afford it. Spending more is only an issue if you don’t have the money to spend which is why I disagree with the popular idea that one spends more w/a cc, at least not when it applies to those that pay off the balance.

To me I would spend more with cash…snack machines, tips, people borrowing…or begging etc etc; more places take cash than credit or even debit…CASH is more convenient.

By: Carnival Of Twenty Something Finances Lists Edition | How I Save Money.net

Carnival Of Twenty Something Finances Lists Edition | How I Save Money.net — Tue, 09 Jun 2009 12:47:13 +0000

[...] Baker presents 3 Habits Of Highly-Responsible Credit Card Users posted at Man Vs. Debt,. [...]

By: Chris @ Online Business Inspiration

Chris @ Online Business Inspiration — Wed, 03 Jun 2009 03:32:26 +0000

It is just too easy to whip out the plastic and pay for whatever it is that I need to pay for. I got myself into some trouble recently and am climbing out of it as we speak. It really is a daily journey. I like to think about the movie What About Bob? and his idea that it is all about "baby steps." It really is amazing how quickly little cutbacks--and most importantly stopping spending more--really can change things quickly. Chris @ Online Business Inspiration’s last blog post..How to Make Money Online with Hubpages

By: Carnival of Debt Reduction » Blog Archive » Debt Sucks has posted the Carnival

Tue, 02 Jun 2009 07:16:30 +0000

[...] Man vs. Debt shares 3 habits of highly responsible credit card users. [...]

By: Carnival of Debt Reduction 194 - Personal Edition - Debt Sucks

Carnival of Debt Reduction 194 - Personal Edition - Debt Sucks — Mon, 01 Jun 2009 08:44:21 +0000

[...] up other kids in the cafeteria in to an amusing way of giving credit card companies the finger with 3 Habits of Highly Responsible Credit Card Users. Feel free to restructure that sentence however you wish, and it will still be [...]