DEFINITION Swiping a credit card is the polar opposite of using a debit card. The latter allows you to spend the money that you already have in your checking account. While, the former lets you borrow money from a financial provider. You have to pay an interest at the end of every billing statement. Be forewarned that having a credit card does not equate to having “free” cash around. It only means that you are expected to pay back whatever
Are you drowning in yesteryear’s debt? You are probably pessimistic about your financial future. Eventually, all these bills may push you to your boiling point. When this happens, a fresh start is essential. Start by being aware of the reasons why your pile of debt exists. Then, do the necessary actions to eliminate it. YOU ARE ADDICTED TO SHOPPING Whether you call it shopping addiction or retail therapy, you simply cannot control your spending habits. It is harmful to associate
Armed with five currencies in our arsenal, my friends and I decided to go to an Indochina trip. We foresaw great expenditures ahead! This is why we decided to divide the expenses throughout the months leading up to our trip. Our airline tickets and accommodations were all taken cared of. However, there were hidden expenses that we overlooked. This burnout my cash. Now, I turned to the local ATM to replenish my funds. My friends, on the other hand, used
DO NOT SPEND WITHOUT CONTROL Let me start by saying that you must not spend more than what you can afford. Remember that credit is a loan, which is meant to be repaid. It is your responsibility to stay on top of your debts and to keep your commitment with the lenders. Maintain your control by avoiding the credit limit of your cards. DO CHECK YOUR CREDIT HISTORY Reality check! Credit cards with premier rewards and terms fall down to
On a positive note, you have started the month with the best intentions at heart. You intend to save money by buying what you actually need and by steering away from from temptation. You have created a seemingly robust plan to watch your spending habits. However, things do not seem to work despite your unwavering efforts. Do not beat yourself up! This happens to many of us. Taking control of your finances starts with understanding your triggers. Why are your
