Continuing last article on managing your emotion to be free financially, this time we’ll discuss about credit cards and its effect on your financial life’s. These days almost every grown up people on this world having cards, either its an credit cards or debit cards. Those two has its own function and benefit, but having both of it are good as long as you could use it wisely.

Some people more like using debit card rather than credit cards, its simple, they just don’t want to be trapped on lots of debts. For some credit cards are think to be temporary savers, they use it to get instant cash immediately. Both of them are good, but its better to know their functions first. A debit cards are withdraw directly from your account, while credit cards are withdraw in the next month.
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Women and financial independence is quite possible but will be more difficult than a man achieving financial independence. Financial independence indicates that there is no dependence on a paycheck and that basically you are your own boss. Women having the responsibility to raise families often have to put their financial independence on hold until the family unit is feasible for business endeavors. Financial independence does not mean to have a large bank account. Financial independence indicates that the the woman can not has their own businesses. (more…)

It used to be that people shied away from sharing intimate details about their financial lives.
Now, amid the rising popularity of social-networking services such as Facebook and MySpace, a crop of new personal-finance Web sites is letting users post their private personal-finance details and share advice with each other on tracking their spending and making better investment decisions.
Some of the sites, such as Wesabe.com and Geezeo.com, include many of the same features offered by popular software programs such as Intuit Inc.’s Quicken and Microsoft Corp.’s Money, such as the ability to track spending in different categories and from different sources in one place. But they also allow users to get feedback from peers that is tailored to their specific circumstances. Some allow users to rate the quality of other members’ tips or provide feedback on various products or services they’ve used. (more…)

Credit was once defined as “Man’s Confidence in Man.” But in fact, the definition of credit today is more like “Man’s Confidence in Himself.” Using credit today means you have confidence in your future ability to pay that debt. Forty years ago, your parents may have paid cash for their homes and their cars, a largely unheard-of event today. If they borrowed money at all, chances are it was from a relative or friend, and not a financial institution. (more…)