Daily Dimes 11/5/09

Hey, it’s time to give credit cards their due. They can be tremendously valuable to you — if you know how to use them properly.

Many Americans are mired in credit card debt, and with interest rates that can make you go batty, it could take years for you to dig out of a hole you dug for yourself buy charging recklessly and then only paying $10-$15 minimum monthly payments.

If you find yourself mired in credit card debt and struggling to make ends meet despite holding a full-time job, start budgeting today. While I provide some basics here on Living With Common Cents, there are many ways to begin. An extremely low-tech way is the envelope system, as this post talks about.