store credit card
‘Tis the season to be…frugal? While the holidays can bring up so many wonderful emotions it can equally be stressful on the wallet as well on the willpower.
According to recent stats from CardHub.com, consumers racked up $28.8 billion on their cards during the second quarter. That was after the same people had finished paying off $32.5 billion in credit card debt during the first quarter. Even if you are using self-restraint and decide to leave the credit cards at home or do something really throwback and bring cash instead, you should still heed overzealous cashiers. Credit.com conducted a recent survey and found that many retail stores are pushing their own store credit card on to consumers. And approximately 49 percent of consumers who caved into a store credit card after qualifying grew to regret the decision. Meanwhile, three out of 10 Americans admitted they actually felt bullied by various store employees who overtly promote store-issued credit cards by promising such deals as another 30% off the sales price.
Hey, the tactic works, but is that what holidays are all about? Of course not, as most people admit that it’s about spending time with family. But a Daily Mail article in the UK also found that families are now spending slightly a little more than a half an hour of quality time together per day — 36 minutes to be exact. That equates to parents and their children spending a total of eight hours together during the week and two hours on the weekend. The article went on to point out that more than half of surveyed adults (56 percent) stated that the only real time they spend with their family is during a holiday vacation. Read the rest of this entry »