debt-settlement

Avoid spending money that you don’t have

It’s a beautiful word when it comes to using your credit cards. The word “avoid” is a great weapon in reducing or completely eliminating your credit card debt. Here are some avoids you can practice:

• Avoid getting more than one or two credit cards. Cancel extra cards that you don’t use.
• Avoid borrowing to pay debt. This is a vicious circle that you can’t get out.
• Avoid credit cards that start charging interest from the day you make a charge. If you have to use a credit card to make a purchase or you are applying for a card, see that they offer an interest free grace period. Pay down the balance within the grace period so that you get out of your debt.
• Avoid spending money that you don’t have.
• Avoid charging everyday expenses such as groceries, gas and other items to your credit card. If you have a credit card that earn airline miles or other gifts based on charges, use it to purchase your groceries, gas and other items and pay up the entire balance at the end of the month.
• Avoid using your credit card to make a purchase when you have cash to pay for it.