Credit or cash?

With the economy being the way it is, here is some helpful advice about living on cash - not credit. New laws have been passed for credit card companies and they go into effect in July so if you are looking to escape their fees all together then you might rethink the situation.

I don't know about you but I try to adhere to the cash only policy. Other than my tuition if I don't have the cash then it doesn't get spent. Credit card companies make millions of dollars a year off of us. With the reform bill being passed, I just can't see them giving up tat profit so they will find other ways to charge you.

Banks are even looking at charging us for having a debit card. Annual fees, fees with use and whatever else they can think of. I find it ironic that they are the ones who got bailed out by the government, not us, and it still isn't enough.

I would rather keep my twenty dollars a year than have them add it to their bottom line. After all that will now get me a half tank of gas!!!