My grandparents taught me something when I was young; paying for everything with cash keeps you out of debt. Their philosophy was that it’s too easy to get in over your head and mismanage money if you are using a piece of plastic. They called this debt the hazards of having a credit card.
It is very easy to overuse and misuse a credit card. Here are the following ways:
Getting Married? – More Managing Money Issues – More Matters To Discuss
For those of you who are newly married, does this fairy tale describe your life together? It begins “once upon a time, you each discovered that very special person that you wanted to be with forever, and then you both rode off into the sunset”. It doesn’t?
Well, if you set aside some time at the beginning to discuss managing money and finances, you’ll have a much better chance to have a real fairy tale ending. This may sound like over simplification, but the non-romantic topic of money, should be discussed early on.
One financial planner says that it’s more important to discuss managing money issues than sex. I’m not sure I agree completely on that one, but she’s right, money issues are very important.
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