How to Use Your Credit Card Responsibly …continued
Responsible use of your credit card
Using your credit card responsibly can prove to be helpful for you. However if you do not have the self-discipline to spend only what you can afford, you would be best to not use it at all. Here are a couple of tips for keeping yourself out of credit card debt:
- Only spend money on your credit card that you already have in the bank. If you don’t have the funds to pay off the credit card today, do not make the purchase.
- Pay off your balance each and every month. Better yet, pay off each purchase as soon as you make it. If you use your credit card to get groceries and earn rewards, go online as soon as you get home and pay off your balance.
If you have already sunk yourself with your credit card use, it isn’t too late to get out of it. Try your best to make as big of a payment as you can each month until it is paid off. If you just can’t seem to see the light at the end of the tunnel then you may need some debt help. There are options available such as debt consolidation, debt settlement or even as a last resort, bankruptcy.
If you would like more information, give us a call at 4 Pillars Red Deer at 403-755-1757. Our experienced team can help you make the right choice for you and your situation.