Americans paid $130 billion in credit card interest and fees in 2022, according to a new report. Here are three strategies to help limit those charges.
If you’re living paycheck to paycheck and putting more than a tank of gas on the card every month, you’re doing it wrong. If you have more credit card debt than savings, you’re doing it wrong. Part of basic financial literacy is building a safety net, so you’re not immediately fucked when something goes wrong.
Agreed.
I’m saying someone living paycheck to paycheck can still use credit cards and pay them off each month while collecting the reward points.
You can pay all your bills with credit cards and immediately pay the cards off each month. It’s the same amount of money, just an extra step.
If you’re living paycheck to paycheck and putting more than a tank of gas on the card every month, you’re doing it wrong. If you have more credit card debt than savings, you’re doing it wrong. Part of basic financial literacy is building a safety net, so you’re not immediately fucked when something goes wrong.
Agreed. I’m saying someone living paycheck to paycheck can still use credit cards and pay them off each month while collecting the reward points. You can pay all your bills with credit cards and immediately pay the cards off each month. It’s the same amount of money, just an extra step.