Friday, February 8, 2013

Don't play cards with your credit cards

A friend of mine was in Vietnam last year; his wife went to the supermarket and wanted to pay with a credit card. The only staff member who knew how to work it was the manager and all the locals came to watch this incredible phenomenon - A card that buys food!
We tend to use our credit cards quite freely, and at times one family can be using three or more credit cards for different accounts etc. 
It turns out that the best way to control what you are spending is to have only one credit card, and try to pay with one payment, especially if we're talking about the usual monthly payments such as electricity and water. 
This way you will be more aware of what you are spending and will be able to use it well.
I just want to mention that I saw a great blog that helps you choose the right credit card company to work with: Anisha writes at http://www.nerdwallet.com/blog/2013/lto-american-express-business-gold-offers-75000-membership-rewards-points/ and Michael at http://creditcardforum.com/blog/.
But most important is to stick to one credit card and watch what you are spending your money on. 

I'd love to hear your comments down below,

Yours,

Life.  

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