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The differences between Web 2.0 and Web 3.0
The future of the internet
Understanding the potential of Web 3.0
When you should use credit
When you use credit cards responsibly, they can give you a lot of power. The best circumstances to use a credit card is:
- When you're traveling, you'll get better rates for foreign exchange fees when you're traveling abroad. Travel rewards cards will also offer travel insurance.
- When you need security, credit cards have no liability for fraudulent charges and you can cancel or freeze your card instantly.
- When you want rewards. Most credit cards now will give you rewards for using them.
- When you’re making charges for work because you don't have to front the money. You can get reimbursed before the bill is due.
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When you should use cash
- When you have an emergency: Cash is accepted everywhere, so have some on hand. Dave Ramsey recommends having at least $1,000 in an emergency fund.
- When you want to limit your spending: Psychologically, we spend less money when we use cash as you ca...
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When you should use debit
- When you want to avoid getting into (more) debt: Since your debit card is connected to a checking account, you theoretically only spend what is available in your account.
- You want to pay for everyday purchases conveniently—things like gas, grocerie...
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Credit Card's Danger
Credit card usage can lead to debt and the debt grows itself while unpaid. However, used responsibly, it's a good way to start building credit.
Most credit cards also have other benefits, such as rewards points, cash back, or travel points. But if you're incapable of payin...
Week 1: Optimize Your Credit Cards
A great place to start because it can have a big impact on your finances:
- Set up autopay to pay your CC bills
- Call to waive any past credit card fees
- Negotiate a lower APR
- Build credit history by keeping credit lines open
- Increased your credit allowance
Your Bills On Autopilot
Use a rewards credit card, online bill pay or automatic bank draft to put all your bills on autopilot. Be aware that using your bank account for automatic payments has some concerns like:
- There is maintenance required in case you change your biller or bank.
- If phone bills g...
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