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Zhi Finance » How to manage credit cards without being a card slave

How to manage credit cards without being a card slave

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Credit cards are magic tools that allow us to shop without any money. Under the protection of American regulations, if users report the theft of credit cards in a timely manner, they will be able to avoid losses, and credit card consumption will become more convenient and easy. But that’s the problem.

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Credit cards let us buy things we can’t afford. We think that we can buy things as long as we can use credit cards, but this idea is naive, just like you think that if there are checks in the checkbook, our payment account will have money. If you are under twenty-five, you have to ask your mother about it

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Credit cards are undoubtedly a powerful tool. Based on the regulations governing credit cards, the use of credit cards is safer than the use of debit cards. Debit cards lack the protection measures of credit cards. So how do you manage spending with credit cards?

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First of all, as an old saying warns people who mix bars, “enough is enough.”. When there is no money in your card, stop in time. At this time, you have to imagine your credit card as a debit card. Once the cash runs out, you have to stop spending.

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This method requires you to know all the income and expenditure in your card clearly. If you feel it is difficult to do so, try Mint Com website. Through this website, you can not only record your income and expenditure in a timely manner, but also receive email when you spend too much.

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If the cash in your account cannot pay the credit card debt, you need to reduce the amount of credit card debt. If you can pay off your debts without borrowing money every month, concentrate on paying more money every month until you pay off this debt. If you have enough cash, you can pay off the next debt, and so on.

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Set a payment cap with your spouse. Both of you should check your bank statements to make sure that no one breaks the rules: no one spends more than they allow. If you can’t control your credit card consumption, use your brain; People have tried various ways to prevent themselves from using credit cards excessively. For example, do not carry a credit card with you. Without a credit card, you will not use it.

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The last step is to call the credit card company and ask them to merge the credit card account after you reduce the debt, and then you can cancel the credit card completely!

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If you need to borrow money every month to repay your credit card, such as Mastercard to repay your Visa card, you must take it seriously. In this case, you have to consider selling something to keep your debt under control.

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I believe you can do it! You can manage your money, not let it control you!