Highlights of today's show:
- Credit Card debt is on the rise
- Do not recommend using them
- Readers are 50/50 on using them
- What are your thoughts on credit cards?
- When do you file your income taxes?
Credit card debt continues to rise. Having worked with individuals and couples over the past few years this stat does not surprise me. I have talked about credit cards some on the podcast before, but today I share my full view on them and share your thoughts as well. According to a Facebook poll, you the listeners are 50/50 on your use of credit cards. Some do not carry them and the others have them but pay them off each month. Either way I am not going to be too upset with you. However, if you carry a balance each month then please realize that these cards have not been a blessing to you so please consider closing the account to further charges and start to pay off the balance.
Below are some articles or podcasts I have done on credit cards:
- Friday Financial Tidbit-Credit cards are not evil. It is what you do with them that can get you into trouble. 02/24/12
- Friday Financial Tidbit-Do you need a FICO score if you are not borrowing money? 02/03/12
- Vlog: You are not helping your child by building up their credit! 11/09/11
- What happens in your 20′s doesn’t stay in your 20′s 09/14/11
- Friday Financial Tidbit-Beware of the Corporate Credit Card 09/02/11
- Friday Financial Tidbit-Borrowing money to get out of debt does not work 07/15/11
- JW’s Financial Coaching Podcast-”Living without credit cards” with guest Steve Stewart of Moneyplan SOS 06/30/11
- Friday Financial Tidbit: Want to earn money on your credit card? Pay it off! 04/01/11
- JW’s Financial Coaching Podcast-The financial issues 20 something’s are facing in 2011 02/17/11
- Friday Financial Tidbit-Reward Credit Cards only reward the bank, not you! 01/07/11
In addition, I also filed my families income taxes last week. I am not a tax expert by any means, but why is it that the more I learn about taxes the more I get angry? I think it is because the tax system we have currently is so confusing with so many income restrictions and miscellaneous items you can deduct. But I want to know when you file your income taxes. Are you one who does them right away, do you procrastinate, or do you file when you need a refund? I am doing a poll on Facebook to see when most people file their taxes.
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If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. Email me at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.