There is a price for borrowing money. Aside from the annual membership fee, one of the most important things that you should consider is the interest. This is how the credit card issuer earns money. Understanding the different credits and debits that go in and out of your credit card statement is one of the skills that you need to be able to use your card wisely. Don’t just swipe, understand how your credit card works.
Credit card issuers put credit limits on your credit card for a good reason. The limits are there to benefit both you and the credit card issuer. The amount is set in such a way that it is easy for both parties to manage the credit. Your limits are normally based on your capacity to pay. Being consciously aware of these limits will help you be able to utilize your credit card well.
Many people have the bad habit of not reading their credit card statements. For those who do read, how many really understand what it all means? It is because of this that many people found themselves in credit card debts that have already escalated beyond their control. Don’t be one of these people. Learn how credit card works. Use it to your advantage.
A credit card is a very handy tool. You can make purchases without the hassle of bringing too much cash with you. However, it can also be a very dangerous tool. If you don’t know how to handle your finances, you might end up in tremendous debt later on. So, before you apply for one or another one for that matter, make sure to check out first if having a credit card is good or bad for you.
Money has always been a top source of stress for most people. If not addressed, debt and worrying about money can lead to serious physical, emotional and even relationship problems.
How to solve money problems then? There are tons of financial advice that people probably already heard or read about. In fact, most of these advices are simply common sense yet one the greatest mysteries about life is that no one really follows them. It looks so easy to do but for most people, it is very difficult to follow.Read More »
Have you ever wondered whether having a credit card is good or bad for you? For most newbies in their first jobs, getting a credit card is a sign that they are finally independent! It is a cause for celebration and may cause many to eagerly take the irresponsible first swipe.
As you pack your Christmas decorations back in their cabinet, the money that you’ve blown away during the holidays is now finally sinking in. The mere thought of looking into your credit card account balance may even petrify you. If it’s any consolation, you are not alone in your predicament.
Travel Insurance is a type of insurance that covers all risks connected to travelling such as loss or delayed baggage, medical expenses, trip cancellation and accidental death and disablement.
Compound interest can either be your best friend or your worst enemy. It all depends on how you use it. You can either gain from it or you can loose a lot because of it. Your life can be much better or much worse than you already have. It’s your choice.
To live beyond your means simply means that you are spending more than what you can afford. Statistics show that a great majority of employees nowadays are living from paycheck to paycheck without any kind of financial cushion. While we all deserve to spend our hard earned income, spending beyond our earnings and racking up debt in the process is a recipe for financial disaster.
To live beyond your means is to spend more than you earn.
Travelling abroad? As you prepare for your overseas travel, one of the most important thing that you need to consider is the money that you will need while you are outside the country. The last thing that you want is a ruined trip because of financial problems that you may encounter along the way.
Credit cards can be a blessing and a curse. They allow you to spend for something even without cash on hand; but in the long run, if you don’t monitor your expenses well, you end up paying more than what you originally spent. And if you don’t monitor your swiping sprees wisely, you could end up in credit card debt. I had seen this happen to several friends but I never thought it would happen to me.Read More »