Using a credit card really has its advantages if used properly. So many people associate credit cards with debt, but if used correctly, you will never have to pay interest! Plus, there are so many perks, points, rewards, and discounts for just simply using your credit card! As long as you pay your balance off in full each month, it really is the best way to get the most bang for your buck! Lots of times, you even get cash back for every certain amount you spend! Not only can you accumulate a lot of rewards for using your credit card, but you will be building up very good credit at the same time as long as you pay your balance in full each month.
Building up your credit is very important because if you ever find yourself needing to get a loan, or wanting to get a loan, you will be able to afford more since the better your credit, the less you will have to pay in interest. Just be sure to keep your monthly payments as such that you will be able to afford to pay off whatever you put on the credit card each month! Credit cards will bring you to financial ruin if not used correctly (if you put more on each month than what you can pay off).
It is a good idea, especially if you are worried about potentially putting more on the credit card than what you may be able to pay off, to only put certain things on the credit card, such as groceries. That way you are not as much at risk for putting more on the credit card than what you can pay off, but you are building up your credit at the same time. It also can’t hurt to be sure to always be continuously adding to a savings account so if a financial emergency happened, you could put the money on the credit card to get all the rewards and such, but then you would also have enough money from your savings to pay off the balance in full the following month.
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