My quote from Huffington Post Article: "8 Financial Rules You Should Break, According To Experts"
I was recently quoted in the above linked Huffington Post article.
Article title: "8 Financial Rules You Should Break, According To Experts."
My quoted excerpt from the article:
“Credit cards should be used for emergencies only.”
As a young adult, if your parents talked to you about money at all, they probably warned you about the dangers of credit card debt. “For emergencies only” was usually the caveat that accompanied access to plastic.
Today, credit cards have become diverse and effective tools that allow you to “track your spending in one place, increase security and theft protection, and potentially gain cash-back rewards,” according to Eric Maldonado, owner of Aquila Wealth in San Luis Obispo, California. Often, it makes much more financial sense to do your spending with a credit card over cash.
But that doesn’t mean you should swipe with abandon.
“Make sure to set up a monthly automated payment from your checking account to pay off your credit card balance in full every month,” said Maldonado, “so as to never incur any interest charges.”