I read this somewhere on the net the other day, not sure where, so I can’t quote it, but it goes something like this….
Don’t make payments on somthing that isn’t making you money
It’s a simple statement that makes a lot of sense, so my plan is that I will only make credit card purchases for things that are going to make me money.
Undoubtably (sp) I will make convenience purchases with my credit cards, but my plan is that I will always make minimum monthly payments in addition to anything I charge to my card. That way my balance should always be decreasing.
Well that’s the theory anyway, I guess we’ll find out how it works in practice.