Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles

Avoiding the Accumulation of Credit Card Debt

Have any kind of credit card debt does not really have to be a way a life. Even if society tries to lure you into believing that you can't get anywhere in life without a credit card is something that truly should be ignored. Because it really is not the truth. It's nothing more than a trap to get more of your hard earned money, credit card companies are not there to help or give, they are only there to take.

The ideas within this article are to hopefully help those who are new to credit cards and those who have had credit for a long time keep themselves out of the credit card debt trap. These ideas are to try and help each person who has a credit card be a more responsible card holder.

Don't treat your credit card like it's a debit card because it's not. Because you have a credit card does not mean that you have extra money. A common myth held to be true by many is that a credit card is just an additional bill to be paid each month so why not spend what's available? This will also lead to many card holders paying just the minimum payment each month which keeps them under the thumb of the credit card companies with all the high interest rates they'll be paying.

Make sure that you always balance your finances to make sure you know how much you have at all times. You can do this simply by keeping up your checkbook or using a financial software to help you keep tabs on all of your finances. This will make it easier for you to see just how much money your really can or can't afford to spend each month.

When you do happen to use a credit card it's a good idea to treat it just like your debit card. As soon as you purchase something deduct it from your checkbook. You're going to be paying the bill anyway you might as well deduct it and write a check for it as soon as you get home. You do this and you might think twice about using your credit card so freely.

Another good thing to do is to try your best to pay the entire credit card balance each month. Not only will this save you on interest it will also more than likely keep you from running the bill up to high. This will again teach you to stop treating your credit cards like they are some sort of extra cash. If you spend less than you earn there really shouldn't be any reason for you not to be able to pay off the entire bill.

Make sure to stay away from those checks they send you as well as the lure of taking advantage of cash advances through your credit cards. This is one of the easiest and quickest ways in which you can get you into debt with your credit cards.

Make sure that you always have enough month at the end of each month to pay something on your credit cards, whatever you do, never miss a payment. Even missing one payment can get your interest rates raised on you in a heartbeat. So make sure that you do whatever you can to pay them each month.

The most important thing about all of this is simply don't spend money that you really don't have and a credit card is not cash on hand. Be responsible and do your best to pay for everything with real cash and not with plastic.

Post has no comments.
Post a Comment

Captcha Image

credit score loan harassment good budget management advice budget account fees bankruptcy checking account understanding debt consolidation loans mortgage payments debts household items installment plan insurance budget categories interest lose your job monthly bill debt relief total balance back support rebuild good credit creditors injury unsecured loan great budget home equity loans extra payments credit scores family assistance own money discounts personal finance car loan overbearing bills debt collectors charitable organisation rent payments losing a job cancer children saving part time job high interest rate specific budget categories credit card traps pay off debt regain control comfortable living interest rate your rights deals in writing prioritizing modified payment plan credit report losing your job credit repair understanding home equity credit card help debt management consumer lawyer money flat broke account interest classify bills children budget receipt take control of debt installment plans payday loan chapter 7 reduce debts Chapter 13 child support debt house loan assets repay loans bank careful handling legal action income credit company professional home debts original creditor candidate debt consolidation medical debt short sale insurances unemployed good credit rating Consolidation Company fly-by-night credit cards good credit bills debt consolidation tax info budgeting family budget investing loan agents seperate accounts great budget ideas taking responsibility paying bills initial research account charges save money low interest payment behavior bad financial decisions become free loss of income overcharging hobbies checks saving money younger children asset info debt problems savings account honesty credit card credit card debt monthly budget buying a house credit checks security borrow money debt management tips domestic support negotiation repayment plans pay off bill social services loan amount purchases bank accounts credit card company internet loan companies check card credit history managing debt mortgages good debt borrowing restrict spending filing bankruptcy control spending whole family debt programs salary teaching children finance get out of debt bad debt management unexpected expenses debt payment period need money visualization debt free gambling debts paycheck info sickness credit bureaus loans debt management advice live your life repay help new job implement a budget extra money overspending debt collector help credit reports government assistance common debt child support phone calls learning experience credit limit emergency savings account debt company deb consolidation second job paying out debt education making payments child spending home equity down payment saving less money unreasonable expectations software credit rating credit companies ongoing bills debit card credit accounts good credit record savings management tips invest money building debts doctors debt collection agency personal finances secured loan loan worksheet lending companies medical bill past bad debt court appearance credit line trusted friends debt settlement tracking money financial education monthly payment credit interest payments debt management mistakes hospital paycheck debt handling money live within means lending company school jobs piling debts financial security borrower stop harassment liability bad debt management program groceries purchase protection common debt traps utility payments expenses monthly payments cash card help with debt introductory offers illness full details telephone bills budget sheet spend money debt solution order report allowance finances budget ideas gambling problem cash credit card companies debt relief agency debt traps job loss interest rates cable bill ill health spending medical bills payday loan companies payment frequency more income negotiate

Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs