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| Photo source from: twenty20.com |
Having a credit card does facilitate various financial transactions. But on the other hand, credit cards can also bring a new problem: debt! Don't let credit cards interfere with your financial health, dear . Here is a surefire way to avoid credit card debt.
Make Financial Planning
Credit card debt is caused due to poor financial planning. The first thing to remember in using a credit card is that this card is an option in financial transactions, not an additional income for you. That way, it will be easier for you to make financial planning and not be tempted to use credit cards excessively.
Complete Bills One by One
You could say paying off several credit card bills at the same time is hard work. In order not to feel burdened, it is better to complete the bills one by one. Pay off the bill from the card with the lowest balance while paying the minimum fees on the other card. This will make it easier for you to pay bills from each credit card.
Always Pay More Than The Minimum Fee
Credit cards usually have a minimum payment fee of 10 percent of the total bill. To avoid increasing bills, you should always pay above the minimum value. Also pay attention to the due date of the bill so that you are not subject to late payment penalties.
Choose a Low Cost Credit Card
When planning to apply for a credit card, you should choose one with a low fee, including billing fees and interest. This will reduce the bill each month. Not only that, it will also prevent you from overusing your credit card.
Take Advantage of Interest Free Installments
When using a credit card, always pay attention to the interest offered. It is better to choose installments that have interest free so that it is easier for you to pay off bills on time. In addition, this will also make it easier for you to manage your monthly cash flow .
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