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Tips to Avoid Credit Card Debt

Plastic money, as they call it, can either give you more power or cause you to spiral down in debt.  In most cases, the latter always happens not unless you are disciplined on your spending habits.

And so, here are some tips by which you can curb excess spending and use of your credit cards:

Tip #1: When choosing a credit card, always find the one with low interest rate and with low or no annual fees.

Tip #2: Be sure that whatever you spend, you can pay off in full each month. If you cannot do this, make sure that you spend what you can afford to pay.

Tip #3: Do not miss a credit card payment, no matter what.

Tip #4: Cash advances are an immediate no-no, thanks to large interest rates and fees that are a part of this transaction.

Tip #5: Very simply, another choice is to opt for a debit instead. This means you get to spend whatever amount you put in your card.

Tip #6: Make a spending budget on your credit cards and stick to it. If you do not do this, then all the other tips will not matter.

Tip #7: If you are currently struggling with credit card debt, then you have to search for low interest credit cards and switch over immediately.