If you must use your credit card for shopping this holiday…
It’s that time again. Time to shop for Christmas ay? I know that some of us really save up for Christmas. There are programs that they join at work where you contribute a certain amount every month for your Christmas gift fund. But a lot of us don’t and most of us use our credit cards to shop and suffer all year next year to pay for it.
Here are a few tips to avoid such a hassle next year:
If you must use your credit card this year, find a credit card with the lowest interest rate and one considered as one of the best among cash back credit cards. You have to weigh in the amount they charge on interest and the amount you get back. You also need to be sure that it participates in cash back for all or most of the merchants that you frequently visit.
Do not succumb to ‘Just because it’s on sale’ pitches and buy more of the stuff that you need to give away. Some of us get carried away with the bargains and end up buying more than what we need. If you are trying to minimize your spending, don’t get caught on these promos. Make sure that you compare credit cards , their rates, their offerings, or cash back if any – before using them.
Make a list before you leave the house and promise yourself that you will only buy what’s on the list. When you get to the mall, grab the things on your list and get out. Avoid eating at the food court either – if you must eat, leave the mall and eat somewhere else.
If you have a 0% credit card offer for PURCHASES, use it. It gives you a few months or a year to pay it off without paying interest. Just MAKE CERTAIN that YOU WILL PAY IT OFF.
This is a sponsored post.
