Okay, this one is a real off the track post. I read a press release online that suggested that credit card spending habits are influenced by star sign.

The release at thriftyscot.co.uk says that, “New research by the credit reference agency Equifax has shown that your star sign could have some impact on your spending habits.”

It seems Capricorns are the worst when it comes to credit card debt and The best star sign for not getting into debt however is Aries, although they do not like to risk any of their money in investment schemes…

Check out the entire press release at
http://www.thriftyscot.co.uk/Credit-Cards/122006/credit-card-spending-habits-influenced-by-star-sign.html

The Miami Herald describes the Cons of having store credit cards in their article “Store credit cards are not your friends”. You can read the article at http://www.miami.com/mld/miamiherald/business/personal_finance/16151792.htm

To summarize, the author talks about people who get enticed by discounts in the holiday season and end up buying more. Many of these people do not off their credit card bills in January and end up in debt. He says that credit cards offered by retailers typically carry a high interest rate — 20 percent or higher.

Further the author justifies that there is always a catch in the holiday offers that most retailers offer.

Worth a read…