MoneyWise


The 20 Dollar Rule for Credit Cards

October 31, 2018

On this MoneyWise, Steve Moore and Rob West speak about the addiction to credit cards. Rob West offers some practical advice on how to break the chains of charging. He offers an interesting suggestion to try in your life to help reduce the balance you carry on your credit card. 

Then, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you and your spouse need to purchase a vehicle in the next couple months, is it better to your credit score in better shape or put money down on the vehicle when we purchase it?
  • If you're thinking about buying a local business but would have to secure a sizable loan to do so, what is your advice on this?
  • If you're a couple in your 20s who would like to start investing, should you concentrate on paying off your home or towards investing at this point?

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