Money saving tip for 2009

Scott Ames · 01-08-2009, 02:23 PM

By accident I found an excellent way to save money in 2009 especially if you don't pay too close of attention to all your expenses.

If you use a credit card for personal or business purchases, get a new one, and cancel the old one. You may be surprised at the "leaches" attached to your card that have been sucking off of it for years. I found several things I was paying for that I didn't remember or had thought were canceled. When the funds get cut off they tend to scream. Many of them were no longer needed, some of course I will just give the new CC information.

It raises these expenses to the forefront and lets you evaluate if they are really needed. I've decided that I could do without many things that I have just been letting sit there sucking cash.

Ron Killian · 01-08-2009, 03:26 PM

Or quit using credit cards altogether.

I can do most everything I need with a debt card.

JamesFrancisIM · 01-08-2009, 04:44 PM

Quote:

Originally Posted by Ron Killian

Or quit using credit cards altogether.

I can do most everything I need with a debt card.

I guess you mean Debit Card, as Credit Cards are the real *Debt* Cards

- James.

Ron Killian · 01-09-2009, 09:24 AM

Oppss... yes.. meant "debit" card

Mark Brian · 01-09-2009, 09:29 AM

I am currently using debit card but I feel lazy going to the bank every now and then to deposit funds cause I don't really put so much money on it just in case it gets hacked. Might switch back to CC.

jhongren · 01-09-2009, 09:39 AM

Recently I got a new CC and I canceled the old one.

I realised that I have saved quite alot too.

Perhaps we can make this a yearly habit. lol

John

derekwong28 · 01-09-2009, 10:12 AM

I completely agree. The other day, I found our that my amex card intends to charge me a US$150 membership fees this year unless I remember to call them just before renewal. To my horror, another VISA card provider intends to charge a US$300 renewal fee this year.

The credit card industry is in dire trouble and they will be coming up with all sorts of schemes to leech existing cardholders.

Derek

Ron Killian · 01-09-2009, 11:31 AM

Quote:

Originally Posted by derekwong28

I completely agree. The other day, I found our that my amex card intends to charge me a US$150 membership fees this year unless I remember to call them just before renewal. To my horror, another VISA card provider intends to charge a US$300 renewal fee this year.

Derek

That is just mind boggling, to have fee's like that, for the "privilege" of using their CC and end up paying them outrageous interest. Just amazing. Can you say.. bend over?

01-08-2009, 02:23 PM	#1
Scott Ames Senior Warrior Member War Room Member Join Date: Jun 2006 Location: West of Rockies Posts: 5,556 Thanks: 363 Thanked 665 Times in 325 Posts	Money saving tip for 2009 By accident I found an excellent way to save money in 2009 especially if you don't pay too close of attention to all your expenses. If you use a credit card for personal or business purchases, get a new one, and cancel the old one. You may be surprised at the "leaches" attached to your card that have been sucking off of it for years. I found several things I was paying for that I didn't remember or had thought were canceled. When the funds get cut off they tend to scream. Many of them were no longer needed, some of course I will just give the new CC information. It raises these expenses to the forefront and lets you evaluate if they are really needed. I've decided that I could do without many things that I have just been letting sit there sucking cash.
	Action is the foundational key to all success. - Pablo Picasso

01-08-2009, 03:26 PM	#2
Ron Killian Senior Warrior Member War Room Member Join Date: Jun 2007 Location: Arkansas, USA. Posts: 1,518 Blog Entries: 17 Thanks: 86 Thanked 124 Times in 98 Posts Social Networking Contact Info	Re: Money saving tip for 2009 Or quit using credit cards altogether. I can do most everything I need with a debt card.
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01-09-2009, 09:24 AM	#4
Ron Killian Senior Warrior Member War Room Member Join Date: Jun 2007 Location: Arkansas, USA. Posts: 1,518 Blog Entries: 17 Thanks: 86 Thanked 124 Times in 98 Posts Social Networking Contact Info	Re: Money saving tip for 2009 Oppss... yes.. meant "debit" card
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01-09-2009, 09:29 AM	#5
Mark Brian Spartan Warrior War Room Member Join Date: Jul 2008 Location: PH Posts: 903 Thanks: 122 Thanked 144 Times in 72 Posts	Re: Money saving tip for 2009 I am currently using debit card but I feel lazy going to the bank every now and then to deposit funds cause I don't really put so much money on it just in case it gets hacked. Might switch back to CC.

01-09-2009, 09:39 AM	#6
jhongren JohnYeo.name War Room Member Join Date: Jul 2008 Location: Singapore Posts: 2,639 Blog Entries: 2 Thanks: 454 Thanked 237 Times in 123 Posts Social Networking Contact Info	Re: Money saving tip for 2009 Recently I got a new CC and I canceled the old one. I realised that I have saved quite alot too. Perhaps we can make this a yearly habit. lol John
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01-09-2009, 10:12 AM	#7
derekwong28 Wombat King War Room Member Join Date: Sep 2003 Location: , , . Posts: 1,621 Thanks: 118 Thanked 197 Times in 152 Posts	Re: Money saving tip for 2009 I completely agree. The other day, I found our that my amex card intends to charge me a US$150 membership fees this year unless I remember to call them just before renewal. To my horror, another VISA card provider intends to charge a US$300 renewal fee this year. The credit card industry is in dire trouble and they will be coming up with all sorts of schemes to leech existing cardholders. Derek
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