Hello, my name is Jerome Silas. Welcome to my website about creating and following a healthy household budget. When I was in college, I tried to create a smart budget to save all the pennies I could after paying my bills. Unfortunately, I jumped in too fast and created a budget that was impossible to follow for the long term. Through the years, I have learned all about the methods that work best while creating and following a budget. I would like to share those methods with you all to help everyone create a healthy household budget. Thanks for your time.
If you've been working on building your credit score up, you might have taken advantage of some credit card offers. If you have, it's important to remember that you'll need to treat them responsibly. One wrong move with your credit cards could land you right back into trouble with your credit score. Luckily, there are some simple strategies you can use to avoid problems with your credit cards. Here are some helpful tips to get you started.
1. Sign Up for Balance Alerts
Now that you have credit cards, you'll need to keep track of the balances. That can be difficult to do, especially if you haven't devised a plan. One way to monitor your balances, and avoid going over the limit, is to sign up for balance alerts. With balance alerts, you can set a specific limit that you don't want to go over. As soon as you approach that limit, you'll receive notification. Those alerts will help you avoid going over your credit limit.
2. Choose the Best Payment Dates
When you received your credit cards, you also received a payment due date. It's possible that the due date you were given doesn't work well with your pay dates. To make sure you're able to make your payments on time, and avoid late fees, penalties, and dings on your credit score, contact your credit card company and change the date that your payments are due. It doesn't cost anything to change your due dates, and you can change them with just a phone call.
3. Avoid Maxing Out Your Cards
When you have credit cards burning a hole in your wallet, it can be tempting to max them out. Unfortunately, that's a good way to get yourself into serious credit card debt. First, maxing out your credit cards puts a ding on your credit score. Second, creditors tend to view maxed out credit cards as a sign that you can't manage your finances. Finally, once your credit card is maxed out, it only takes one missed payment to send you over your credit limit. Unfortunately, when that happens, you're going to be looking at additional fees.
4. Keep Some of Your Credit Cards at Home
If you have multiple credit cards, it's a good idea to keep some of them at home. Leaving all your credit cards in your wallet can lead to overspending. However, if you only have one credit card in your wallet, you can reach for the others when you get the urge to overspend.
Now that you have a few credit cards, make sure you don't get yourself into debt. Use the tips provided here to use your new credit cards responsibly, and avoid jeopardizing your credit score.
Share15 April 2018
