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    We're overspending, and we may be in denial about it

    Thu, 05/17/2012 - 07:35 EDT - MSNBC - Business
    • Business

    It’s no secret that many Americans have long relied on credit cards and other forms of debt to get what we want, or what we need.

    • Original article
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      Attitudes towards debt on credit cards began to change long before the financial crisis, according to The UK Cards Association. In a new report, the trade body tracks the shift in spending and borrowing on plastic from 2000 through 2010, labelling the period “a decade of two halves”. From 2000 to 2005, banks and other lenders recorded strong growth across all forms of card use in the UK, followed by a “sharp retrenchment” thereafter in the use of credit cards.

    • Half of UK households burdened by debt during recession

    • Parents Who Argue Over Money Connected To Overspending By Kids

      Did your parents constantly argue over money when you were growing up? If so, it may have something to do with all that credit card debt you’ve racked up. A new study by researchers from East Carolina University surveyed more than 400 college students about their finances. While gender and class year were the top predictors of the number of credit cards they owned, the next was whether their parents argued about money. (MORE: Is the U.S.

    • Earnings Growth at Consumer Credit Card Companies Stymied

      Robert Weinstein submits: When they are fulfilled, be prepared against them; when they are strong,avoid them --Sun Tsu, The Art of War With spending and credit card borrowing down, financial companies may face strong headwinds in providing investors with earnings growth, as

    • Five Easy Ways To Track Credit Card Spending

      This post provided by IndexCreditCards.com. Instead of letting credit cards lure you into overspending, use your accounts to help you stay within your budget. Here are 5 easy ways to do it: 1. Get Credit Card Transaction Alerts Most credit card companies let you sign up for transaction alerts, which send you an e-mail or ...

    • 5 Reasons You Shouldn't Give Up On Credit Just Yet

      The rise of electronic payments has revolutionized the way people spend money. But with debit cards and mobile payment systems gaining in popularity, it's easy to forgot the many benefits that old-fashioned credit cards have over newer payment methods.

    • Four Signs That Credit Card Offer Is Too Good To Be True

      The federal funds rate, to which the prime rate is closely tied, is expected to remain close to zero percent for the foreseeable future.

    • It's Perfectly Legal To Get A Business Credit Card If You're A Regular Consumer

      I review dozens of credit card offers each week to find the best deals. Check out more on our credit card page.

    • 5 Credit Cards You Don’t Want In Your Wallet

      Sometimes all credit cards can seem alike — or, at least, not different enough to spend a lot of time trying to figure out their differences. We sympathize with the sentiment, which is why we periodically try to cut through the clutter and, based on insight from impartial experts, highlight some of the best cards out there. Depending on your needs and spending habits, some cards are indeed sometimes better than others.

    • Innovation, Regulation, and Credit Cards

      Fresh Air had an excellent interview with Georgetown law professor Adam Levitin, who blogs here. It’s only 21 minutes and I recommend it if you are interested in credit cards or in financial regulation in general.

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