Thanks for visiting Ultimate Money Blog! If you’re new here, you may want to subscribe to my RSS feed. photo credit: kainr Well, we did it! I bit the bullet and finally made the last payment on our Home Depot Credit Card.  It made no sense to me to keep making payments each month when we had the money to pay it off, so I just did it.  It was a wash anyway! I could have kept the money in our ING savings account, but it seems that is not really a high yield savings account right now anyway. I figured that if I left that money in the savings account for 6 months I’d earn under $1.50. Was the hassle of making the payments each month worth it to me? No. How does it feel to be credit card debt free? Fabulous! To be honest, I feel better than I did when we paid off our student loans. Crazy, right? Next up: the car loan.  And then we’ll be 100% debt free except for our mortgage.  Woo! What are [...]

photo credit: TheTruthAbout… A few months ago we purchased a new dishwasher from Home Depot to replace the one that stopped working correctly over a year ago.  We picked out a pretty nice model; not too expensive, but much nicer than what we had before.   We got a really good deal on it because we bought it on Black Friday sale, and have been really pleased with its performance so far.  The only downfall about the situation?  We put it on a credit card and haven’t paid it off yet. Now, before you start throwing stuff at me, I have to explain that we were able to take advantage of 0% interest, no payments for a year from our Home Depot credit card.  We have the money in the bank if we want to pay it off, but I just haven’t brought myself to do so yet.  I don’t want to see our balance go down that much, so I keep making payments on it whenever I get paid.  There’s no question on whether or not our credit cards will [...]

Hi, this is Mr Credit Card from www.askmrcreditcard.com. I’ve read about Mr. and Mrs. Money’s credit card stories and today, I would like to talk a bit about how I actually use credit cards as a budgeting and convenience tool and also how I use it to save money. If you are looking for a better credit card, please check out my best credit card offers and deals section. There are two camps and schools of thoughts with regards to the use of credit cards. One school believes credit cards are “evil” and they lead folks to overspend. If it were in the wrong hands, that is certainly true. Then there are obviously those like myself who pay off the bills in full every month and take advantage of reward programs. For folks like us, credit cards are simply a tool to be taken advantage of. But to me, there is more to that than getting rewards, I use credit cards as a way to budget, keep track of expenses, run my business and also make use of their various [...]