Unit 9

How good are you using your credit card?

After enjoying the benefits of using a credit card, it is common to miss the main objective. It is not you money. Remember that it is so important to take great advantage of the special promotions offered by your card, as well as keeping you abreast of the monthly payments.

A credit card is something people have, but still many people don’t know how to use it. It is important when people have economical problem, so they can solve it right away.

One of the main functions of a credit card is precisely to help the client to settle some purchases in fast and comfortable payments, when cash is not available to do so immediately. However, credit is an alternative payment that requires commitment and consistency, not to end up indebted for too long or else, paying more for what was "cheaper." The rule is always to pay as fast and as much as possible, that is, to avoid at all costs that interest and commissions are generated.

What type of user are you with your credit card?

Are you on the list of the inveterate indebted? Do you make your buying decisions as you go through the promotions in the mall? Do you know the unique advantages of your credit card? I invite you to discover how you actually use your card and know if the use you give is appropriate: be sincere!

How much does your monthly income last?

Do you spend all the money you receive in the month?

If you have negative answer to the questions above you should restart yourself with you monthly budget. Don’t spend all the money you have, once you have a budget stick to it no matter what. Unless of course it is an emergency. Try to save as much as you can, so that every month you can save more.