When credit card rewards becomes a danger
Charge card benefits are a great incentive to spend. This of course can be quite harmful. Here are some sensible tips for steering clear of the pitfalls of credit card rewards.
Staying away from extreme charge card rewards spending step No. 1 - Stay awake
People always forget that they are spending cash and have to pay interest for it if not paid off at the end of the month. That means the best way to keep your charge card spending from getting out of hand is to pay very close attention to what you are spending. Knowing how much you spend is important to staying away from interest and paying it off every month. Monitor it.
Write it all down
For those who have trouble keeping a mental tally of your charge card spending, write everything down. This is for those who don't like to view an online statement, but entering the 21st century is really a good idea.
Steering clear of excessive credit card rewards spending step No. 3 - Save receipts
With credit card spending, you can keep away from writing things down at the store while you spend by getting receipts. Just keep the receipts in the event you have to return something, and you also can also keep track of your spending.
Steering clear of excessive charge card benefits spending step No. 4 - Mint.com
You can link your credit card to Mint.com and monitor all spending at it. The site offers cash management tools and budgeting tools to help you keep track of spending.
A second account
If credit card spending is a significant problem that you're working on, set up a second checking account - ideally, a free checking account - that is dedicated to paying off the card. Only do this with the second account and it will help.
Staying away from extreme credit card rewards spending step No. 6 - Pay weekly
If you want to pay off your card quickly and get as little interest as possible, you can pay it off every week. Then, you can stay away from interest and still get credit card benefits for spending.
Staying away from extreme charge card rewards spending step No. 1 - Stay awake
People always forget that they are spending cash and have to pay interest for it if not paid off at the end of the month. That means the best way to keep your charge card spending from getting out of hand is to pay very close attention to what you are spending. Knowing how much you spend is important to staying away from interest and paying it off every month. Monitor it.
Write it all down
For those who have trouble keeping a mental tally of your charge card spending, write everything down. This is for those who don't like to view an online statement, but entering the 21st century is really a good idea.
Steering clear of excessive credit card rewards spending step No. 3 - Save receipts
With credit card spending, you can keep away from writing things down at the store while you spend by getting receipts. Just keep the receipts in the event you have to return something, and you also can also keep track of your spending.
Steering clear of excessive charge card benefits spending step No. 4 - Mint.com
You can link your credit card to Mint.com and monitor all spending at it. The site offers cash management tools and budgeting tools to help you keep track of spending.
A second account
If credit card spending is a significant problem that you're working on, set up a second checking account - ideally, a free checking account - that is dedicated to paying off the card. Only do this with the second account and it will help.
Staying away from extreme credit card rewards spending step No. 6 - Pay weekly
If you want to pay off your card quickly and get as little interest as possible, you can pay it off every week. Then, you can stay away from interest and still get credit card benefits for spending.
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