Posted by JerryS on January 27, 2014 at 21:48:55 from (68.18.11.126):
In Reply to: Credit cards? posted by c-man on January 27, 2014 at 17:14:47:
I use credit card (or some cash) for all purchases, but pay bills with checks. I pay in full each billing cycle.
However....I gave my daughter a card a few years ago with instructions it was for emergency use only. The statement came to her. That worked fine until last year; when I became aware of what was going on (phone calls from Visa) she had run up over $12,000 and another $2,500 in late charges and interest. Costly life lesson.
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