1. Use credit cards on preplanned budget items.
If you don't have a budget do not use credit cards. It's too easy to pull them out for items you haven't expensed for or even really need.
2. Record our credit card spending through out the month.
Making a ledger or using online resources to keep track of our ongoing monthly balance is a big help. This way we are clear about the debt we are accruing, we don't want to exceed our preplanned budget.
3. Pay our balances off every month.
Paying interest on credit card balances is probably the most unwise use of money there is in managing personal finances.
4. If we don't have the ability or will power to follow steps 1-3 above don't use credit cards.
Research shows that credit card users spend more than non-users. Spending more and carrying a monthly balance will get anyone into financial trouble quickly, Finwiz.
If you don't have a budget do not use credit cards. It's too easy to pull them out for items you haven't expensed for or even really need.
2. Record our credit card spending through out the month.
Making a ledger or using online resources to keep track of our ongoing monthly balance is a big help. This way we are clear about the debt we are accruing, we don't want to exceed our preplanned budget.
3. Pay our balances off every month.
Paying interest on credit card balances is probably the most unwise use of money there is in managing personal finances.
4. If we don't have the ability or will power to follow steps 1-3 above don't use credit cards.
Research shows that credit card users spend more than non-users. Spending more and carrying a monthly balance will get anyone into financial trouble quickly, Finwiz.
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