Using a credit card has numerous advantages for the consumer, but care must be taken that it does not really become a problem. To use a credit card you need to think of at least financially conscious attitudes. Here are tips for using credit cards consciously. After all, it is with planning and organization that credit can help you realize big dreams without causing havoc. Remember this is up to you. You can check this one now.
Planning to use the credit card
The first step to using a credit card without having a headache is to plan. You have to put in a pencil everything you really get. Be honest and put it on paper. Next, put the fixed bills of cable TV, rent or home, among others and variable bills water, electricity, etc. based on cash inflow and outflow, separate money that you can spend on your credit card without worrying. The ideal is to have a safety margin.
Pay attention to the limit
Credit cards are always a temptation, regardless of whether you are a good manager or not. To avoid the risk of spending more than you earn, don’t let your credit card pass half of what you earn. That is, have a maximum limit of 50% of your net salary.
Have real-time control
Being aware of your finances, you now need to keep track of the movements. There are several applications that help you register accounts and organize them by dates. Depending on the app you download, you can sync with your credit cards or even with your bank. All movements are automatically crossed and your application will indicate how much was spent, how much you still have a salary, among other important financial information.
Remember that some applications may have even more features, but the user will only have access if you pay for the service separately. So, evaluate if it is in your condition and if you will really use it effectively on your smartphone.
Don’t have multiple cards
When we talk about card limit, consider that card limit as a total of all cards you may have. By the way, the idea is to have one or two at most, so it is easier to control the accounts. Usually, those who have more cards end up fumbling more and spending more than allowed. Use the limit of one and then go to another card. Having fewer cards also makes it easier for you to check your spending.
Card with no annuity or more affordable rate
The good news for consumers is that there are no annuities or cheaper credit cards. By the way, today it is possible to apply for a credit card without leaving home, only with online registration. This facility is changing the way people use credit. Having no tax ends up being crucial for the consumer not to waste money. That is, $ 15 or $ 20 less every month. If you already have a credit card, it is worth negotiating the annuity.
Beware of the minimum payment
Financial organization is indispensable for the consumer to use and be able to pay the credit card on time. The minimum payment, for example, is an output used by consumers who do not have the full bill money. Paying is better than duty and having your name on credit protection agencies. But paying the minimum credit card bill is accepting the high-interest rates on a debt loan. This is where you can start the snowball in the beads.