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One thing to beat the recession
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Lower Credit Limit
On a tight budget, any family does what it must to beat the recession. In this trying time, my family has decided not to apply for more credit. We have one credit card with only a $500 limit.
This ensures that if we max it out, we can pay it back in 1-2 months. We are trying to not build a debt that may potnentially cripple us.
That said, my wife and I are both students, so we need the credit card at times when we do not have money to pay for books. It can be a hefty sum of money to buy six or seven textbooks.
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