The good feeling you get for paying off a credit card can be replaced with a vague feeling of "What do I do next?" Often, that leads to a decision about keeping the card open or closing the card. Here are some factors to help you decide.
It's hard to look for silver linings during a recession, but they do exist. One of the biggest advantages to consumers in this recession is the drop in prices.
Avoiding pricey credit card fees isn't the only reason to opt for cash over credit (although it's a good one).