Earlier this month I visited some friends at their house. Their mail was delivered while I was there and I noticed that several credit card solicitations sat in the large pile of envelopes.
Besides not being the kind of mail that you look forward to receiving; these solicitations bring out the magpie in some people. Hence my reference to bright shiny objects. Not are only are these offers going straight to your shredder (NOT the recycle bin), they could represent a distraction from your financial planning by luring you into a glimpse of their promised riches, such as:
- 40,000 “free” airline miles
- free night at (insert hotel name here)
- you are pre-approved (stroking your self-esteem)
- credit limit of 5x your monthly earnings!
Disclaimer moment: I would also recommend completing this task on a private, closed computer, wi-fi network, or telephone landline. So not at the library or your neighborhood bar for security reasons.
Time to Complete: Ten Minutes (at most)
Benefits: Save trees, save time, and remember to use credit by choice, not by chance, and not due to a bright, shiny object dangling tantalizingly close to your face-or your wallet.