This is where you move your credit card debt around from one company to another to make the most of 0% interest deals. Many people tout this as the best way to use credit cards but it is a very dangerous game to play:

• 0% deals only exist because they are offered as an incentive. If card companies decide to stop doing these, you can end up with huge debts at high interest rates.
• You have to continually batter your credit history with searches and applications for credit. Too many searches and you'll be rejected. Currently searches over 6 months old are generally ignored, which is lucky because most 0% deals last 6 to 9 months. What if that situation changes as finance companies tighten up for any economic problems?
• You still have the debt, although you are paying it off interest free, the debt still exists.
• It is an added burden to your life to continually monitor the credti card market and try to keep one step of the game.

This is a tactic where you get a credit card with a 0% deal on it for new purchases. You spend everything on this card - shopping, food, petrol, haircuts etc - essentially not touching your normal bank account. Instead you move your money from your current account to a high interest savings account.

You set up a direct debit to pay the card's minimum payment each month and at the end of the 0% period you use the money from your high interest account to pay off the credit card. So long as you have budgetted well you should actually have credit in your savings account.

The danger time comes when you haven't done the maths and at the end of the 0% period, there is not enough in the savings to pay the card and all of a sudden you have credit card debts you didn't really want.

Many people attempt stoozing and fail to adhere to their budget - temptation and the appearance of having too much money are sometimes too great and the debt spiral begins.