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    A good definition of bad debt is financing something you consume. If you finance something you consume, you have to feed it, or it loses value over time (cars?) you can put it into the bad debt category. There is an excellent way to turn these bad debts to good debt.

    Think of all the purchases you make in a week. Groceries, eating out, gas for the car(s), movie tickets, toys for the kids, fountain drinks at the convenience store, coffee drinks at your favorite coffee bar, and the list goes on and on. Some of these purchases are paid for with cash, but most are put on the plastic. Not such a bad idea until the bill is due. That’s when you get to pay a finance charge for all those espresso drinks you bought over the last few weeks.

    In today’s society, more and more of our purchases are put on plastic of some kind – debit card, credit card, gift card, etc. We are becoming a cashless society and you ca

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    bad debt category. There is an excellent way to turn these bad debts to good debt.

    Think of all the purchases you make in a week. Groceries, eating out, gas for the car(s), movie tickets, toys for the kids, fountain drinks at the convenience store, coffee drinks at your favorite coffee bar, and the list goes on and on. Some of these purchases are paid for with cash, but most are put on the plastic. Not such a bad idea until the bill is due. That’s when you get to pay a finance charge for all those espresso drinks you bought over the last few weeks.

    In today’s society, more and more of our purchases are put on plastic of some kind – debit card, credit card, gift card, etc. We are becoming a cashless society and you c

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    tickets, toys for the kids, fountain drinks at the convenience store, coffee drinks at your favorite coffee bar, and the list goes on and on. Some of these purchases are paid for with cash, but most are put on the plastic. Not such a bad idea until the bill is due. That’s when you get to pay a finance charge for all those espresso drinks you bought over the last few weeks.

    In today’s society, more and more of our purchases are put on plastic of some kind – debit card, credit card, gift card, etc. We are becoming a cashless society and you c

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    In today’s society, more and more of our purchases are put on plastic of some kind – debit card, credit card, gift card, etc. We are becoming a cashless society and you c

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    weeks.

    In today’s society, more and more of our purchases are put on plastic of some kind – debit card, credit card, gift card, etc. We are becoming a cashless society and you can position yourself to benefit from this ongoing trend.

    Stop carrying cash
    Once your cash is gone, it’s gone forever. Once you spend it, it can’t earn interest for you. Instead, it earns interest for the person you gave it to. If it’s stolen you can’t replace it. Hopefully you earn some kind of interest on your checking account. If not, it’s time to find a bank that will pay you for keeping your money on deposit with them. Keep your cash in the bank so it can continue to earn interest. Credit cards can be cancelled in a few moments and you are not responsible for unauthorized purchases.

    Put all your purchases on a credit card
    Putting all your purchases on a credit card give

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