They're pushing credit cards. They don't take Visa, but they do take American Express, or they don't take this one, but they take that one, or you'd better bring this one, or if you forget who you are, look on your credit card; it will be there.
I very rarely use a credit card, but I do if I know I have big bills coming and I need to stagger payment.
Good for Warren Buffett that he can afford to do that! Some people, sometimes, need to finance a purchase or rent a car, and a credit card becomes a necessity.
I don't have a bank account because I don't know my mother's maiden name.
A batch of credit cards fattens a wallet before it thins it.
I am certain that my family - my grandmother, mother and myself - had a credit score of zero when we arrived in 1976. There were no credit cards in the Soviet Union, and we didn't have any money.
Perhaps you are thinking: 'But a tank costs several million dollars, not including floor mats. I don't have that kind of money.' Don't be silly. You're a consumer, right? You have credit cards, right? Perhaps you are thinking: 'Yes, but how am I going to pay the credit-card company?' Don't be silly. You have a tank, right?
When credit is cheaper to use and easier to arrange, people do use more of it.
I'm the worst customer for a credit card company because I always pay my balance off every month.
Your credit score takes into account years of information in most cases. It's not going to improve in a day. But it may improve more quickly than you think. Generally, the last 24 months carry the most weight, so if you can keep clean for that long, you'll see a boost.
You know, the old version was about balancing a checkbook. The new version is about the risks of debt, which is so much more widely available. So I think it's important that we design relevant financial literacy courses, and teach them starting early in grade school.
One suggestion my wife and I have used in our personal finance courses we teach at college is simply writing down all expenditures and seeing where the money goes. That alone will cause heads of households to think twice about x, y or z expenditure, and to consider carefully whether they really need something or not.
The rest of the world wants our cash; we like plastic.
There are lots of families who - who make irresponsible purchases. There are also a lot of families who have debt on credit cards because they use those credit cards to pay for medical bills.
Credit is probably more acceptable in American culture than elsewhere.
Everyone can get a little sloppy with cash and it's smart to notice. But what's squeezing you is the big stuff you ladle onto your credit cards.
Credit card interest payments are the dumbest money of all.
When I turned fifteen, I remember my father gave me a credit card which I was allowed to use for two things: emergencies and books.
Manage your spending by creating and sticking to a budget.
You must be sure - and I mean absolutely positive - that you have the willpower to pay off those credit cards and not use them again.
I love, love, love that you want to use your debit card. But to keep your credit score solid, you still need to keep a few credit cards and use them at least once every few months.
Under the old system - which is now so archaic that a lot of people can't remember it - if you wanted money you had to go to the bank and take the money out in cash form, and you couldn't take out money that you didn't have. But with the credit card you can spend money you don't have, and that is just so tempting.
An American credit card is just as good in Europe as American gold used to be.
You don't realize how much you use your credit card not even to buy things. It's a card you get so you can navigate society.
The biggest challenge for me, for all of us, was that the consumer-credit market was very, very new for India and for ICICI. I was trying to create something that was not just new for me but absolutely unknown to the organization and the country as a whole.
