Friday, July 22, 2005

Get rich slowly

Foldedspace posts an excellent set of very short summaries of a number of personal finance books.

One piece of common financial advice that always concerns me is to avoid credit cards. If you are the sort of person who gets into trouble with them, then by all means avoid them, but for those who can and do pay them off each month, they can be not only convenient but actually money-saving. My cards all pay 1% cash back, so they way I look at it is that paying for something on a credit card instead of in cash gives me a 1% discount. That doesn't sound like much, but it adds up to a few hundred dollars a year.


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