Ah, credit cards. The enabler of reckless spending, yet such a useful financial tool when utilised right.
How useful is useful? And how enabling? I had to ask. Naturally, I turn to the RoR audience – I wanted to know the biggest swipe they have ever made on their credit cards. Not just that – I also asked if they themselves thought it was a good decision.
Here are their answers. Thanks to everyone who contributed!
Dave Ramsey is a popular author and radio host in the United States. He gives solid money advice.
One of it, which I 100% agree with, is the Debt Snowball Method – a loan repayment plan for people who owe money and overwhelmed by it. Find the original explanation in his website here, written for the U.S. audience.
What I’m going to try do is to explain the Snowball Method in a way that is relatable to us Malaysians. So you can use it to pay off your debt, or advice someone about it.
This is my first sponsored post! I’ll be promoting cards from two banks at the end of this article but all opinion and cashback hack ideas here are my own.
Can I just say that I am actually a big fan of credit cards? I use them anyway and they have saved me a lot of money over the years, especially combined with other cashback hacks. During my recent Krabi trip (which costs me about RM900), I gave example how I used a credit card to make some payments, and got RM50 + RM66 in total cashback. That made the vacation so much sweeter 🙂
In this day and age, it’s pretty hard to avoid being in any kind of debt (hutang). This is my debt history.
