ianna Fitzgerald works hard to pay her credit cards off each month, having become familiar with the hazards of minimum payments in her leaner-earning years.
Back when she did run a balance, an ironic thing happened.
"I tended to spend more and run it up," recalls Fitzgerald, 62, a clinical lab manager at Oregon Health & Science University. "To me, it always seemed like once you dirtied the thing, there wasn't much to lose."
Holidays can be a time of excess. Yet when it comes to spending, new research shows that those who exercise great self-control can easily lose the upper hand when they carry a credit card balance. They spend more, especially if that card doesn't have a lot of available credit left.
Boost the self-control artist's credit limit and the spending stops. Read More
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