This post is the first of a series that I will eventually call The Personal Finance Paradox. But because I’m too lazy to write all the posts at once we’re starting off with my first: The Credit Card Paradox.
The premise is simple: in personal finance we advocate paying off your credit card every month. But the reality is we also like using our credit cards for the rewards and liquidity. If everyone makes payments then credit cards will no longer be profitable. So the paradox is I want you to pay off your cards, but I need at least 10% of you to stop making regular payments. You make the banks profitable so I can have my cake and eat it too.
Read my post in its entirety at LifeTuner.
 By The Weakonomist |
The Weakonomist is the founder of Weakonomics. Clicking the picture of the puppy will tell you more about him. If you like what you're reading consider subscribing to the blog, following him on Twitter, and checking out the related posts below. Please consider a donation if you really enjoy Weakonomics. Also keep in mind that nothing I say can be construed as financial advice. |
