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Originally Posted by PRICEPLUS
1) Use it up!
2) Wear it out!
3) Make due!
4) Do without!
With the exception of a house, and possibly a car, always pay cash or do without until you can pay cash.
Simplify! Simplify! Simplify! -Thoreau
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For some people this may not be the best tip.
For example, we use our credit card (AMEX) religiously but we also pay the balance religiously as soon as we get the statement. We travel to Europe yearly and we need those skymiles because I have family there.
For us, the travels to Europe are non-negotiable. I would never attempt to save in that department by simply cutting back on the trips.
We just booked a round trip to Italy for two people for free - almost in full season. So certain credit cards can be good for certain type of people - provided you pay that balance in full at the end of each month - to save your life!
