Business owners and credit card

[Hunter02SS]

In a business, yes use other peoples money as much as often. In your own personal finances, pay cash and stay away from high interest CC when possible. Even though you pay the credit card everymonth, you still pay interest on what you bought that month. Interest normally accumalates daily, not monthly.

[bowdown201]

Fuck it..just put some money away in a roth ira and bank. Unless your already like 40 then it wouldnt do ya too much

[SmackedInATL]

Fuck it..just put some money away in a roth ira and bank. Unless your already like 40 then it wouldnt do ya too much

Huh? LOL. Roth's are great if that is ONE of your means of saving for retirement, but if you save your money in a bank you'll never make anything off it. I earned 18% on my 401k last quarter since I have it allocated so aggressively. Young folks can afford to do that though.

[bowdown201]

No I wasnt saying save it in a bank but rather bank when your older from the interest you gain from the Roth account

[umairejaz]

In a business, yes use other peoples money as much as often. In your own personal finances, pay cash and stay away from high interest CC when possible. Even though you pay the credit card everymonth, you still pay interest on what you bought that month. Interest normally accumalates daily, not monthly.

Its interest free if you pay it off completely every month.

[btstone]

Huh? LOL. Roth's are great if that is ONE of your means of saving for retirement, but if you save your money in a bank you'll never make anything off it. I earned 18% on my 401k last quarter since I have it allocated so aggressively. Young folks can afford to do that though.

yeah, i had my 401k set up in some aggressive funds.......so far......more than half has dissappeared. but it will come back up

[UpSideDownDesi]

B that 0% is on personal for 6monthls. Business Credit card is 4.9% for the first 6months.

[Repiks]

was it ramsey or clark howard that did the never spend a dollar bill thing?

Clark Howard.


Dad did it this summer, it works out quite well.

Because if you have a credit card, you can use the card, and put the cash you have somewhere to make interest and just pay the bill at the end of the month. I mean if you know how to work a card, its good.

You're not going to be making that much interest in an account to overcome the cost of interest on a credit card. Especially in an account that you can take out money every month without a penalty.