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Using Credit For Fireworks!

July 4th, 2010 at 06:03 am

With today being the 4th of July nothing reminds me more of this holiday than burgers on the grill and fireworks. As a kid I remember how it was. I started thinking about fireworks as soon as the snow melted in March. I have seen that pretty much all of the fireworks stands around my town accept credit cards. Seriously?? How stupid is that? Your putting something onto your credit card at 18% interest that goes up in smoke. LITERALLY.

You need to stop and ask yourself before you go out an buy a bunch of fireworks on credit. Do I really want to pay interest on something that is gone in a few seconds? I don't think so.

The best way to stay safe this 4th of July is to use cash to pay for your fireworks, it will hurt a lot less next month.

1 Responses to “Using Credit For Fireworks!”

  1. whitestripe Says:

    I put everything I possibly can onto my credit card. At the end of each month, the interest on our mortgage is calculated by deducting the total of our everyday bank balance from our mortgage, and then interest is calculated on that. Our credit card balance is due two days after interest is added to our mortgage account. So it is financially beneficial for us to use our credit cards for everyday purchases and pay it off at the end of each cycle, not only do we save money off our mortgage, but we earn interest on our bank balance AND earn rewards points.
    Not everyone buys with credit with the intention of NOT paying it off. We pay our credit card balance in full at the end of each cycle. I agree that there are MANY who don't do this, but it's unfair to say it's stupid to buy something on credit when you don't know a persons personal financial habits.

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