09:48 29 April 2013
Money, money everywhere but is there really any to actually spend? As a good couple of generations have become accustomed to give into our impulses of “must have it” purchases with credit cards and paying for it later, and now the piper has come calling and wants his money now.
That piece of plastic as that binding guarantee repayment created havoc to individuals and companies alike.
The idea of a way of establishing a building block of financial worthiness, fitness, and stability with smaller purchases leading to major purchases has become a nightmarish quicksand for which few see any major way out.
Focusing on your individual credit card spending habit and establishing a positive routine for your spending will better help manage your credit.
Walking the thin line of good credit card management has become more perilous in recent years. The economy and the employment conditions haven’t made things any easier. But trying to align those credit card purchases to more nonessential purchases will make it easier to keep those balances low, reduce the interest rates, and maintain a good credit score.
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