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Wednesday, June 18, 2008

10 Bad Habits That Lead to Debt Disaster

Interesting article from Bankrate.com:
10 Bad Habits That Lead to Debt Disaster

The list, in short, is:

1. Misusing balance transfers
2. Not checking credit reports
3. Failing to alert creditors about hardship
4. Thinking of 'budget' as a dirty word
5. Using retail store credit cards
6. Not creating an emergency fund
7. Paying bills in no particular order
8. Charging purchases
9. Making credit payments late
10.Making the minimum payment only

Follow the link to the article for more in-depth discussion
of each bad habit.

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