Date: Thu, 18 Aug 2005 03:55:16 CST
From: Mike Stone 
Subject: Re: books to read RECOMMEND?
Newsgroups: misc.invest.financial-plan
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SD  wrote:
> 
> This is stupid advice. Have some control over your spending - spend 
> everything on a credit card with a great rewards program and make free 
> money. Credit card = rewards + free extended warranty on all purchases + 
> free car rental insurance + free travel insurance & more. All you need 
> is some self control not to max out cards. Plus credit cards improve 
> your credit score.

Well, I actually use a miles card and charge a lot to it (including
most of my bills and my mortgage) and pay it off at the end of the
month.  We get 2 free plane tickets a year this way.

But, when I met my wife, we fixed her situation up by getting rid of
her credit cards all together.  She just loses track of the money
and gets careless.

Different systems work for different people.

I got the impression the OP has a spending problem of living beyond
his means.  If you have a hard time controlling your impulses, you
need to make drastic changes to get out of debt.

-Mike