Presentiamoci prima di scrivere - How To Use Your Credit Card Posted by nick_niesen on October Mims - Lun Nov 18, 10:12:16 Oggetto: How To Use Your Credit Card Posted by nick_niesen on October
How To Use Your Credit Card
Posted by nick_niesen on October 29th
, 2010
Although credit cards can be an invaluable financial asset, unless you use them wisely you will find yourself drowning in debt. However, if you use your credit card wisely then you can save yourself money and be able to purchase the items that you could not afford in one lump sum on your current wages. Here are some tips about how to use your credit card wisely.
Building a credit history
One of the best ways to use your credit card wisely is to use your card to build up your credit history. People who borrow and pay back the money responsibly have a much better credit history than those who never borrow at all. If you spend money on your credit card and then pay it back quickly, you will be seen as a good borrower and you will get better deals on other financial products like loans and mortgages.
Paying off your balance
Another sensible way to use your credit card is to only charge to your card what you can afford to pay back each month. Although this is not always possible because of large purchases or unexpected expenditures
, you should generally try to budget to pay all or most of your balance back each month. If you can pay back your balance in full each month then you won聮t be subject to the high interest rates of your card. However, even if you can聮t pay back the whole amount, make sure you pay back more than the minimum payment. Paying only the minimum will leave you wasting money on interest and your balance will a lot longer to pay off.
Keeping cards at home
If you are having trouble with your credit card spending, then a good way to avoid the temptation is to leave your credit cards at home unless you really will need them. If you are simply going out on a small shopping trip
, leave your cards at home so that you won聮t be tempted to buy anything extra. Only take your credit cards out when you really need them, or in case of emergency.
Balance transfers
If you find that your credit card interest payments are very high, then a good way to reduce this is to switch your balance to a card that has 0% interest on balance transfers for a certain period of time. This will mean that you can pay off the balance without having to worry about interest for the next few months.
Shopping online
Shopping online has become increasingly popular, mainly because of the convenience it offers and the low prices available. When shopping online it is important to always use a credit card to purchase items. This is because credit cards are much safer than other forms of payment
, and offer purchase protection. This means that if something should go wrong with the sale, you have the ability to claim the money back from the credit card company. If you use your credit card wisely, then you will avoid getting heavily into debt and will have the freedom that using a credit card can afford you.
Concerned About Your Financial Future? ECommerce Articles | November 30, 2007
Do you have a constant nagging inside related to your finances? Are you concerned about money on a daily basis?It has been said
, "Money isn't everything, but it ranks right up there with oxygen!"The m...
Do you have a constant nagging inside related to your finances? Are you concerned about money on a daily basis?
It has been said, "Money isn't everything, but it ranks right up there with oxygen!"
The majority of the world's population is worried about money. Moreover
, they are worried about their LACK of money.
While today's news is infiltrated with billion dollar contracts of CEO's and professional sports players, most people are left to struggle living daily paycheck to paycheck.
Here are some simple ideas to change your thinking about money.
Money Mentality
Whether or not you think so, we are all conditioned from a very young age to have certain ideas about money. Some of us are taught to go to school, get a good job
, and retire after 40 years of dedicated service to your employer. Others are brought up to believe that they should just get a job straight out of high school and work hard, while others are given most everything from family money. Whatever your situation, one thing stays the same. No matter how much you have, you always want more.
Create Your Own Wealth
If you keep exchanging your time for money you will never become wealthy. To be able to obtain massive wealth
, you have to leverage your time by having other people work for you.
Wealthy people do not work by the hour or earn a salary. They run their own businesses and reinvest their profits to create greater wealth. Online marketing is a great way for an ordinary person to achieve extraordinary results. Whether you're uneducated or have a PhD, it doesn't matter. If you take the time to learn the marketing, you will be amazed with the results.
Live Within Your Means
The problem that most people run into is that they do not earn enough money to fund their lifestyle. Marketing tactics tell you that you can have it all now but not pay till later. Your trouble begins when the credit period ends and the enormous debts have to be paid off.
People squander away their hard earned money on frivolous things. If you will reserve your indulgences for when you can afford them, you will be able to achieve your ultimate goals.
You need to change your money mentality to believe that great things are possible for you and your family. If you believe that you can achieve great things and work hard
, you will be pleased with the end result.
Article Tags: Concerned About, About Money
10 to 20 years from now, most of us will regret for what we have not done rather than what we have done. Think for a moment, where will you be in 10 or 15 ye.
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