2 of 2 people found the following review helpful
Excellent book on credit cards!,
This review is from: The Skinny on Credit Cards: How to Master the Credit Card Game (Perfect Paperback)
Credit cards are a tricky subject; they are rather complicated and hard to understand. Many people would like to learn more about them and pick up some advices along the way to make things easier. Jim Randel's "The Skinny On" series takes a complicated subject and gives you the knowledge you need in a book that you can read in less than two hours. After all not everyone has time to read a very long book and find the courage to read it so it's for the better truly. Credit cards were a good subject for a new book in this series and once again it worked. By the way was given a copy by the publisher and I thank him for it!
You can never have too much money, well sort of. Credit card are an easy way of payment, they are direct and you don't have to carry money, in today's world everybody is getting them. Almost any individual of who applies for a card can get one and that might be a problem, young adults who have no idea how a credit card works are often given one by companies and then suffer huge debts latter in life. Credit card companies earn a lot of money from their customers; some of them could even be you. Those companies can change their rates at anytime and just like the credit cards their contracts are difficult to understand, plus it can be hard to get out of debt, those are is the bad side. They attract you and suck you into the credit card system where it's very easy to be in debt. The facts are present in the book, as an example the average credit debt in American households is of $7.066! For instance making the minimum payment each month keeps you in debt, nothing new here but paying in full each month will decrease not only debt but also the interest that you own the credit card companies so that each payment you make decreases more and more debt than the one before. According to Randel it's easier to pay with a credit card because technically it's not your money whereas if it was paper money you'd consider purchasing an item twice, it's only plastic cards but they have some power on us!
We once again have the story of stick figures Billy and Beth and this time they are in debt because of their credit cards. Turns out they have too much credit cards, buy useless things, don't know how to lower their debts and are in need of help, now here comes author Jim Randel to rescue once again! The presentation in stick figures, the examples, the story makes this a very interesting book to read and an informative one. I love the format of the book, it looks great and I think that it's a very good way of getting the message across. I would recommend anyone who has a teenager with or without a credit card, to anyone who is in debt and to everyone who has a credit card. Unless you are very educated on the subject I just know that you will learn with this book.I am giving The Skinny On Credit Cards five stars, it deals with an uneasy subject in the easiest way possible. This is not my favorite book of the Skinny On series but it's another good one be assured. If you are looking for something that is simple, gives you the information you need. You can do absolutely no wrong by picking this up this book, in fact I bet you will learn a lot of things and earn good advice from this. The book doesn't do it for you it's a guideline and Randel doesn't claim to be an expert on credit cards even if he has a good knowledge of them.