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Credit card debt can drag you down into a pit of inescapable fees, high interest rates (over 30% interest rates are common) and high minimum monthly payments that do little or nothing to reduce the amount you owe. Avoiding credit card debt is vital to help you stay within your budget and dodge the shoals of bankruptcy, but avoiding keeping a credit card entirely can put you in a different kind of financial danger. Most of your credit score is based upon making timely and appropriate payments of your debts. In other words, unless you have some kind of debt (credit card, student loan, car loan, mortgage, and so on) your credit score will remain low because of lack of information. Having a low credit score can mean you have to pay more when you do take out loans. It may also hurt your chances of getting car or housing loans, and, because some employers now run credit checks as

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Comparison shopping is something that many budget-minded folks will encourage you to do when you first start living on a budget, and for the most part, it can be a pretty great tool to have in your arsenal. It allows you to find some of the best deals out there and you’ll be able to know which grocery stores are giving you the most bang for your buck. But believe it or not, comparison shopping is not something you should be doing all of the time, or even for every product. There are several instances when comparing prices and shopping around can actually cost you more money than you’re saving, or when the time you’re using up comparing isn’t worth all the effort you’re putting in for a few dollars of savings. Don’t Comparison Shop Airfare Until It’s Too Late The Internet has a host of great websites that allow you to search multiple airlines and multiple booking engines to

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