Dr. Judith Gerhart, CFP
Certified Divorce Financial Analyst 
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Financial Tip for Families
November 14, 2008
Let’s stop using the plastic
Now we’ve all heard it a billion times. Or perhaps a quadrillion times. Quadrillion – 1. 000,000,000,000,000 — the number set that is now too large to fit onto the New York City scoreboard, that keeps track of the federal deficit. Regardless of what and how others manage their personal finances, we should commit to ourselves to try here and now to reduce our use of credit cards.
With divorcing families, again, you’re often working with twice the expenses with half the money — now’s the time to take heed. Banks are in a horrific position – some may have already started decreasing credit limits. And the highest interest rates are now nearly 30 percent could be headed higher. Do yourself a favor and just stop. Use cash or money orders, if you are able and if it’s absolutely necessary.
By: Cynthia Thomspon
Posted by Judith Gerhart on November 14, 2008 | Permalink | Post a comment
Topics: Divorce, Finance, Tips |
