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Further
Reading ...
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Home Business -Establishing Yourself as an Expert in the Eyes of Your Customers. - Nick A James
The most important aspect of a successful business is developing the correct mindset toward your customers. And this is not the over used phrase The customer is always right. Actually the correct mindset we are referring to here is to always think...
Vultures and victims - cashzilla
Has anyone noticed how many loan companies now fill up the commercial breaks? Sofa, after of sofa of happy couples are shown, with carefully manipulated stereotypes discussing the consolidation of their finances, recommending a particular provider....
Home Based Business: Your Ultimate Tax Shelter - J Stephen Pope
Starting and operating your own home based business is the ultimate tax shelter. Although this article has been written from a Canadian income tax perceptive, the principles should be practical in other tax jurisdictions. 1. Non-Deductible...
Getting The Most Bang For Your Buck Out Of Your Banking Services - Teresa Kaufman
I realize most people have already made their resolutions for the New Year, but try adding one more. Decide that you are going to get the biggest bang for your buck out of your banking services this year. My husband and I have been using the same...
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Use Your Credit Cards Responsibly
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Written By:
David Medlock
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With Americans going deeper into debt every day, usually thanks to uncontrolled use of credit cards, you may wonder if there is any good way to use a credit card. If so, how can you control your credit card debt, as opposed to letting it control you?
The first step is self-control. If you can’t discipline yourself to make wise decisions about credit card use, then don’t get a credit card. You’re just asking for trouble. This means that you have to be brutally honest with yourself. If you’re not judicious with the money in your bank account, how can you be judicious when it comes to the use of someone else’s money, which you’ll have to pay back with interest? Don’t fool yourself. Be honest and be willing to make the decision not to get a credit card if you feel that you won’t be able to control it.
That being said, there is a difference between thinking you can handle a credit card and actually handling one properly. It can be like a loaded weapon if you’re not careful. But, if you’re wise, it can be a valuable tool that can reward you for proper use. Here are a few tips for getting the most out of credit cards:
•Shop Around: Don’t just fill out any application and hope for the best. Look for the best deal. Make sure that the card you get will fit your lifestyle and your financial management style.
•Pay It Off: Never charge more than you can afford to pay off within 30 days. With most credit cards, you get a grace period that allows you to pay off balances without being charged interest.
•Leave Home Without It: Don’t carry a credit card with you. If you have to go all the way home to get the card in order to make a purchase, it will force you to think about the purchase before you - continued below ...
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make it. This can reduce the number of impulse purchases you make.
•Look for Rewards: If you can, try to find cards that offer rewards for using them. Some cards offer free gasoline, frequent flier miles, cash back or other incentives for using the card.
•Pay Your Bills on Time: Late fees can cost anywhere from $20 - $40 for one late fee. This adds itself onto your balance and if you don’t pay it off immediately, you will pay interest on the late fee as well. Late fees can put you in the whole very quickly and many credit card companies may increase your interest rate the very first time you are late with a payment. Needless to say, it can be very costly to be late on your payment. It doesn’t look good on your credit score, either.
•Don’t Go Over: Some cards may allow you to go over the credit limit you’ve been given to some extent. But, when you do this they may hit you with $20 - $40 charges, just like late fees. Again, this is bad news. It also does not look good on your credit report to have maxed out credit cards.
Credit cards can very quickly get you into a lot of trouble. But, if you avoid impulse purchases, pay them off every month and make your payments on time, they can reward you for purchases and help you build up a solid credit score. Just use your cards wisely and remember that you should be in control of your credit, not the other way around.
About the Author
David Medlock owns GetSomePlastic.com, a premier provider of online credit card applications and instant approvals. GetSomePlastic.com always encourages responsible use of credit cards and informed decision making in financial matters. http://www.getsomeplastic.com
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Firing Underperforming Employees in Your Small Business - Richard Cunningham
Here are a few tips on how to hand out pink slips when it comes time to terminate an employee. As a small business owner with employees, you will likely find it necessary one day to terminate an underperforming employee – if you haven’t already....
There Is No Such Thing As Free Money - Arun Pal Singh
Have you come to internet in search for goldmine? Do you believe that you will find one and you would fill your sacks till you can! Have you come riding high on the hype that internet can make you rich overnight. Do you wish to be enlisted among...
Don't Have A List Or An Ezine Of Your Own? Well Now You Do. - Fernando Soave
If you knew the secrets to wealth and unlimited personal success were waiting for you behind a closed door, would you open it? Of course you would! You'd do whatever it took, even if that meant breaking it down with a flaming battering ram! ...
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