In my war on debt, my credit cards are Public Enemy #1. I’m convinced I should never have had a credit card. As far as I can tell credit card debt is a cancer, robbing us of the future we long…
Tag: credit card
All you need to know about using a credit card. The pros and cons of a credit card, how interest works, and most importantly, how debt works.
Credit cards are really great and can be super useful. But, only if you have self control and are able to manage your spending. It’s just so easy to spend with a credit card that one can quickly get sucked into the debt spiral.
Do we have financial options?
Do we have any real financial options or, will the consequences of the financial choices we've already made, lead to an inevitable, bleak financial future? A guest post from a 40-something year old who left his retirement planning for almost-too-late.…
How safe is “tap and pay”?
Rushing through Woolies to buy your sarmie and snack bar is so much simpler when you can just tap and not even enter a PIN number for your card. But how safe is tap and pay? These cards are so…
My own debt story
I was recently asked about my debt story and what the actual turning point for me was. It was hard to think about as it's an area of my life that I've kind of pushed to the far corners of…
10 Warning signs of credit card overuse
We all love the convenience of credit cards but they're so easy to misuse and one can quickly end up in a terrible debt situation! Take a look at these warning signs of credit card overuse, and think about them…
5 warning signs of a credit card debt trap
Credit cards are dangerous things as they make it far too easy to buy stuff that you don't actually have money for! And what's worse is that the credit cards are marketed as giving you freedom, giving you things that…
Unwind the spiralling debt
Spiralling debt can easily happen as one small thing leads to the next and you slowly but surely get wound up in more and more debt. Enough to eventually pull you down like a whirlpool. I've been thinking about it…
Credit Cards pros and cons
Credit cards are really useful and convenient now days, but it's so easy to fall into debt and your finances can quickly spiral out of control. Let's explore the credit cards pros and cons and see if it's something that…
Beware of Lifestyle Creep
Lifestyle creep is a real thing. It's also called lifestyle inflation and it's something to always consider at the back of your mind. If you're not sure what it is, then read on as this post is definitely for you!…
How to fix cash flow issues
If you find that you're struggling to survive form paycheck to paycheck, then you may have some cash flow troubles. Let's explore how to fix cash flow issues in 6 steps. They're not all easy, but they can absolutely be…
What is cash flow?
What is cash flow in relation to your personal finances? This is the first of two articles, the next being on how to fix cash flow issues. Take a listen to the Cape Talk Radio interview about this post on…
Give your card a break
I like to give my credit card a break sometimes and so once a week I hide it away for a full 24-hours. This simply means that I cannot spend anything on my card that day. I can obviously spend…