Reply to I feel like I am doing money management wrong

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[quote=Anonymous][quote=Anonymous]I rent currently, have my car paid off and have no credit cards. I pay for everything from my bank account, I had a layoff last longer than I thought it would so used my savings to cover me while I was looking for employment and am getting back on track now. But I am paycheck to paycheck mostly now with a salary reduction and I think I'm doing something wrong by not having credit cards. [b]Everyone I know says to use the cards to pay bills and then pay off every month. I just don't understand how that's better than just paying the bills directly[/b]. [/quote]

I prefer to pay directly for things as well.

The benefit to paying with credit cards is when you use the credit card to earn cash back or points. And points are only worth it if you actually use the points, and use them on things you would pay for anyway. And then you have to make sure that what you make back, cash-wise or points-wise, is more than any credit card fees or whatever, and you have to make sure you are paying it off on time every month. There is an administrative cost to all of that, so I just pay bills directly like you do. But for some it can make sense. [/quote]

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