Since credit allows us to stretch out the cost of an item with payments over a period of time, this makes purchases on credit seem more affordable. Maybe I can’t afford $650.00 today, but I think that I can afford $65.00 a month for ten months, and so I buy the item using credit. I […]
Tag Archives: Credit card
We’re often surprised by our credit card statements, and not just because of how much we’re charging. The balance amount always seems to be a number that we wouldn’t have guessed, and some purchases that we expect to see aren’t on the statement, and some that we don’t expect to see are listed. This is […]
Economic changes over the last 3 decades have been dramatic, especially in recent years. The housing market, unemployment rate, and increases in medical expenses (to name a few), have contributed to many financial hardships and difficulties. Headlines tout glimmers of hope as enough jobs are created one month, the stock market rallies one day, or […]
Ben Franklin is quoted as saying that a penny saved is a penny earned, but he actually said that “A penny saved is two pence dear”, meaning a penny saved is two pennies earned. Apparently in Mr. Franklin’s day, pennies received a lot more attention than they do today. We tend to leave pennies behind in that little tray […]
Personal Finance Simply Understood 