This week, Jennifer Silber (TMF Amused) and Rick Aristotle Munarriz (TMF Edible) are Dueling Fools. Jen favors the use of credit cards while Rick is swiped out.
Enjoy the Duel and don't forget to charge forward -- and vote once you're done. Then, why not take a six-month step back to check our Duel Flashback segment where accountability is always served up thick.
The Bull Argument...
I know it is one of the basic tenets of Foolishness to be wary of credit cards. But that doesn't mean the cards themselves are evil. They are a tool, and, like any tool, they can be used for good or evil. It's part of the Fool's mission to make sure you know how to use credit cards to benefit you rather than the lenders. So I'm being perfectly Foolish here!
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The Bear Argument...
According to RAM Research's Card Web, a staggering $126.5 billion was put on credit and debit cards over this holiday shopping season. The bad news is that just 15% of that sum was placed on debit cards. The balance, and I mean that literally and figuratively, remains to be paid.
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This Week's Duel
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