If I told you that I have no credit card, you may think that I come from the Stone Age. But the fact is – I don’t want to. Exactly, a credit card can help you when you are in emergency. It convenient and can help you to build you credit record.
Tip 1. Do I need a credit card?
One thing the bank will never tell you is that the credit card benefits the banks most while not you. If you’re not a highly self-disciplined person who knows how to arrange your money, it’s recommend that you should not have a credit card. Cash paying helps you to build a strong memory on how much you spend and thus helps you to control you desire.
Tip 2. Where does the money in my credit card come from?
A fact you usually neglect is the money in the credit card account is the money you earn in your future days. You really like the convenience the credit card bring to you. However, you must be familiar with this scene that till the credit card bill reached you at the end of the month, you suddenly realized that you bought a lot useless home?
Tip 3. What should I do if I have a credit card?
Build a balance sheet and shopping list. Make a shopping list and bring it with you to the shopping mall to avoid insensible spend. Also, you should make a balance sheet on your financial situation. For example, if you want to buy something, think of your balance sheet to check out if it’s sensible for you to do that.
Tip 4. When should I pay back the money I used in my credit account?
The answer for this question may be “immediately”. Usually banks enable users a short period of time for free interest. If you pay back the money during this period, you enjoys no interest charged. However, if you fail to do that, the interest banks charge are much higher than the loan rate at the corresponding period of time.
Tip 5. Are there any other ways I can save my money by using credit card?
Of course there are. Banks usually issues some special offers, like integral, cash back or free service. And if you are under an excellent financial situation and in accordance with the term bank required, you can take advantage of it and enjoy the service for free.
No matter whether you have a credit card or not, or whether you are considering to have one or not, the thing you should bear in mind is that treat the money in your credit account as that in your deposit account and think more a while when you want to use it for purchasing.
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5 Responses to “Money saving 101 tips: What’s Your Credit Card Bring for you?”
good ideal,thx
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