Most of us probably credit card users. Indeed, in addition to facilitate shopping, using credit cards can also help us effectively borrowing money for a month without interest, if we are disciplined in paying bills. Conversely, if we do not discipline, interest charges from credit card or from a late payment penalty can be 'choked' your finances.
To prevent that happening, it is able to discern some Klabers following important points:
1. Discipline in the use of: credit cards is not extra money. All expenditures must we pay the next month if we want to remain free from the burden of interest. Therefore, use credit cards for purchases that have been budgeted, which we have the ability to immediately pay it off.
2. Do not be tempted campaign: One appeal of using a credit card is offered promotion. However, do not let this campaign encourages you to shop outside of the needs, regardless of discounts offered. Take advantage of promotions to shoppers according to your needs and budget.
3. Pay off the entire bill: credit card interest is one of the highest rates in your credit history. Imagine, with 3% interest per month, interest rate per year was 36%, not taking into account interest expense of flowering again. If we do not get used to pay off the entire bill, we can get stuck in? ~ Entanglement 'flowers that are difficult to be released.
4. Note the related burden of credit card: Remember, the use of credit cards also have loads before you may not realize, for example, the cost of stamp duty and transfer fees via ATM. As far as possible minimize these costs by using only one credit card and from the bank where you have savings / ATM to eliminate transfer fees. Also, always remember the due date for late fee charges are also pretty good (about Rp75 thousand gold type card). When you include people who are lazy street to an ATM, you can arrange to pay by auto debit or via the internet. Also, use reward points to pay the annual fee credit card.
5. When already in debt, reduce interest expense as soon as possible: If you already owe more than the ability to pay in the next month, berkreasilah. You can try to reduce the interest burden arising out quickly. Many credit card providers that offer balance transfers with 0% interest for the first few months. Take advantage of this offer, especially if the other conditions the same (with no annual fee or annual fee equal). In addition, the main burden of paying off as soon as possible, try to limit your capabilities. Do not ever make the minimum payment if you do not want to be a servant of your creditors.
Not hard right? Actually no, if you want a little discipline. I remember an anecdote that says that? ~ One of the differences between adults and children is if he pays his credit card bills on time or not, whether the whole or only the minimum repayments'. So that, grow up with your credit card! Use the smart!
0 comment:
Post a Comment