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Morning Sun
  • EXTENSION CONNECTION: Tame credit card spending

  • Shopping with a credit card can speed resolution if a product or service doesn’t live up to advertised claims, but using credit successfully typically requires self-discipline, said Carol Young, Kansas State University Research and Extension family financial management specialist.

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  • Shopping with a credit card can speed resolution if a product or service doesn’t live up to advertised claims, but using credit successfully typically requires self-discipline, said Carol Young, Kansas State University Research and Extension family financial management specialist.
    “If paying with a credit card, shoppers may spend more than if paying with cash or a debit card,” said Young, who suggested asking yourself five questions before using your credit card:
    1. Will this purchase help me meet one of my goals?
    2. What do I have to give up to get it?
    3. Would I buy this if I had to pay cash?
    4. Would I come back tomorrow to buy this?
    5. If I charge this, can I pay off this month’s bill?
    To make asking such questions a habit, local and district K-State Research and Extension offices are offering credit card covers imprinted with these spending questions. The covers are part of Kansas Saves, a campaign to encourage saving and successful money management. The financial management campaign is part of a larger national effort called America Saves and sponsored by the Consumer Federation of America.
    For more information, check with local or district K-State Research and Extension offices or visit Extension’s Web site: www.ksre.ksu.edu/financialmanagement/  and click on Kansas Saves.
    For additional information, contact the Wildcat Extension District, Crawford County, 620-724-8233, Labette County, 620-784-5337, Montgomery County, 620-331-2690, Pittsburg Office, Expanded Food and Nutrition Education (EFNEP), 620-232-1930.
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