Credit Card Control TipsCredit cards are now an added attraction in wallets. Credit cards are advisable if we can use it wisely.
Always remember credit cards are leading us to debts or making us a debtor where we have to pay back. Some tips to control credit cards can be dotted as follows
1. Remember you are going to be liable to pay it back, before you receive a credit card.
2. Always remember it is as good as cash which you are borrowing from someone.
3. Do not prone to consumerism, consumerism is the habit of purchasing a product without confirming its utility. Offers and discounts may inspire a customer to purchase a product even if he is not getting a value for it.
4. Proper accounting, before you use a credit card, enter the purchase in your personal accounting sheet ( If you do not have it , open it in excel )
5. Go thru the credit card statement carefully to confirm your purchases as well as the charges.
6.Purchase only value giving things using credit cards, example Gold
7. Do not keep your credit card in your wallet always. Carry it after making a decision to purchase something worthy.
8. Share the use of credit card with your family members or friends before using it.
9. Do not accept the offers over the phone from the credit card companies which may lead to certain charges.
10 Due dates. An important date to remember for a credit card user is the due date. Make a strict schedule to pay it three days before the due date ( Considering unexpected holidays, ATM disorders etc.)
11. Create alerts in your mobiles to pay.
12. Do not buy gifts using credit cards, it will destroy your self credibility. Buy gifts from your earnings to your limit than becoming a debtor for the gift.
13. Do not use several credit cards, be selective.
14. Do not use credit cards for holiday enjoyments or make sure you have enough money to pay for the same .
15. I know a person who spoiled his life using credit cards in Bars,Clubs and Pubs. So say NO to it.