Should I Charge It?

I havent' had much time lately to research or write articles for the blog, but now that the ALS budget is complete and the presentation to the board of directors was made last night, I can get back into the swing of things here.

One question that often comes up in life - should I charge it? Or more specifically, should I charge it and pay it off over time?

I ran across an interesting article on Kiplinger.com on this topic, so I'll post the link here.

There was a saying in a book I read, that "Credit cards are like nitroglycerin, handle with care!" The use of credit cards is not necessarily bad, but it is an expensive way to finance your purchases. In other words, if you use a credit card, pay off the balance each month - that way it becomes a convenience to use a card. However, if you charge things but keep a balance, be prepared to pay a steep interest rate. The above referenced article gives an example of the detrimental effect of carrying credit card balances.