Have a Wedding come up in September where I will be a Groomsman and I was thinking to myself: Maybe I should get a Credit Card just in case I need money urgently ?
Then I thought I was mad for thinking that. CCs can be a real pain and can be such a temptation to spend unnecessarily.
Also - the Irish Government charges a 30 euro annual tax just for having a CC.
So have decided to set up an Internet savings account with a Bank and save 2000 euro in it (over the next year or two) and just, well, leave there as kind of a CC facility to myself.
If I'm ever stuck for money urgently, I just log in online and transfer money to my checking account. I will then "repay" the money when I can minus the usual CC interest.
Also the Internet savings account pays 3% interest so I'll be earning 60 euro interest annually instead of paying 30 euro tax to the Irish Gov annually.
Thank you Blogging friends for opening my mind to this way of looking at things !
Happy Sunday to All :-)
My Own Credit Card Provider
January 30th, 2011 at 05:42 pm
January 30th, 2011 at 06:07 pm 1296410831
January 30th, 2011 at 09:06 pm 1296421581
February 4th, 2011 at 05:33 pm 1296840818
Jerry