There are some things you should and must NOT do when it comes to using your credit card. Sadly, many Americans are blind or oblivious to the notion that using a card is like spending money that you don't have on hand. If you have a card yet do not have such issues, here are some things you must NOT do with it.
If you generate income, then it is best that you do not spend beyond what you can make. To apply this simply, do not purchase on credit the things you cannot afford if you have cash on hand. If you make roughly $1000 a month, buying a dress worth $1500 will not just add a huge amount to your bill, but will put a dent on your financial standings. You will definitely end looking for debt settlement options if you keep the habit up.
When you have cash with you, it is better that you buy things with it rather than your card. Every time you make a purchase, rates and fees add up and they accumulate into one big credit card debt if you are adamant on shopping with your card.
Another way of putting the said rule is never use your card on ordinary items. You should use cash on gas, clothes, food, groceries, and other essential items and services. Like mentioned earlier, the more you use a card, the more fees and charges you incur. If you do the math, these basic items are something you do not purchase once. Use your card on them and you will surely be looking for ways to reduce your credit card debt within a few months.
These tips are merely some the things you should not do. But you already know the DO's and DON'Ts of card usage. If you do not want to drag yourself into a credit card debt assistance office, then all you need to do is muster the will to do the things you should not do.
0 komentarze:
Post a Comment