Evil Store Cards

So the sale season is in full swing with Gucci this and Prada that flying off the shelves… Now it’s all well and good investing in a good bargain but whatever you do don’t get rapped up in the wonderful world of store cards this January!

Most people don’t realise that most of them are just evil high interest credit cards in disguise…

Yes, don’t be fooled by the flashy finish or well known brand on the plastic… the number of friends and family who I’ve had to bail out just because they were roped into ‘great deals’ just to find themselves only affording to pay back the interest a couple of months later.

Agreed store cards can get you some great money off deals in certain stores, and can be useful to pay for something that can’t wait till next month – but girls, make sure you use them correctly… Here’s my top 3 tips to using store cards…

Pay It Off When You Get Home

As soon as you get in from shopping get on the laptop and transfer the funds – don’t let it wait – you’ll forget and spend the money on another pair of gorgeous shoes. If you don’t have the money make sure you write a reminder sticky note and stick it somewhere you’ll look  - like the fridge – but make sure you can still see the fridge by the end of the month!

Look On The Internet First

You may think that getting 25% off in store when you open a store card is a good deal, and perhaps it is. But think… they can only afford those discounts because of all the bimbos who run into debt. (No offence Rich) So… before you buy – check out the same thing on the internet – very often it can be much cheaper.

Don’t Keep It In Your Purse

Keep it frozen in the freezer if you have to – just don’t keep it in your purse – remove the temptation to spend on credit is the key. It gives you the time to think it over. If you really want it you can get it the next day… Or you can run home and get the card

Best of luck – And have a lovely weekend Mike x