The holiday season, both Christmas and New Year, is accompanied by countless activities, social events, gifts and much more. In some cases, it can become a chaotic time for personal or family finances, if expenses are not regulated.

Having a credit card can be an ace up your sleeve in certain situations, however, If we don’t manage it properly, it can even become a headache bigger when we have several of them. A credit card allows users to take advantage of benefits such as building credit history. That is, using money I don’t have for investment or certain expenses.

Tips for using plastic money:

Cases in which you should not use your credit card

Paying for purchases in the supermarket with a credit card is one of the main mistakes when using plastic money

How to get out of debt

Stop using your credit cards. Even if you have more than one credit card, it’s better not to have them close at hand for long periods of time. If you can’t spare that much anymore, keep just one in your wallet.

Don’t let the debt keep growing. Continuing to pay “whatever you can” is not a good decision, as the unpaid amount continues to generate interest and consequences.

War economy. The goal should be to pay off the debt. For this, it is necessary to adjust the family or personal budget to the maximum expression.