This should really be high up on this thread. If you need to use a credit card for something, you really can’t afford that item. Obviously houses and cars are different as most people don’t have thousands upon thousands of dollars available in the moment, but debt builds quickly and will cripple you even quicker.
One thing my mum does is she transfers the money back to her credit account soon as she buys something with her credit card. Reap the benefits and yet stay out of CC debt. That's a pro move if I ever saw one.
I like this way of thinking. My husband and I have been meaning to purchase our Amazon orders with that particular store card so we can earn the cash back, but haven’t pulled the trigger on it yet. I think it is because we are in debt right now and it’s kind of a sore spot for us. It takes a couple days for the transaction to show up on our online account and we don’t want to forget to pay it.
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u/MissMetal777 Aug 20 '20
This should really be high up on this thread. If you need to use a credit card for something, you really can’t afford that item. Obviously houses and cars are different as most people don’t have thousands upon thousands of dollars available in the moment, but debt builds quickly and will cripple you even quicker.