Credit Card Interest . . . . Well Duh

As I was getting ready to leave the house today for work, I caught out of the corner of my eye some lady on the news testifying about her interest rate on her credit card. I didn't pay much attention to it and went out into the snow.

I looked at the business section of our local paper online and the lead story's title is Card rate changes catch many unaware. The story goes on to tell how this same lady from the news thinks it's unfair that her credit card company raised her rate from 18% to 24.4%.

I'm not going to get into is this fair or why she has a balance on her credit card. My thoughts in all of this is as Dave Ramsey says, Credit Cards Reek. You will never experience financial freedom using credit cards as your emergency fund. 18% or 24.4% it doesn't matter. You have to come up with a financial game plan that excludes the use of credit cards.

By the way, here at NewPointe, we start sign-ups this weekend for Financial Peace University. The next round of classes start Jan. 15th. This class is life changing. I can't wait to get started.