Nowadays we face constant financial challenges, which is why we frequently resort to the use of Credit cards as a tool to face various expenses. However, although these cards offer financing alternatives, Its excessive use, without adequate control, can negatively affect the regular management of debts.
“One of the main advantages of using a credit card is that it allows you to always have money in your pocket, in addition to the flexibility in short or long-term payment methods and the increase in miles for discounted trips. However, it is important that users have correct financial education to avoid accounting dangers,” comments Enzo Giampier, financial specialist.
In that sense, Giampier offers four tips to make good use of credit cards:
1.- Prepare a budget: It is essential to identify the net income and fixed expenses that will be incurred, taking into account the importance of questioning whether there will be extra income, such as the payment of bonuses or bonuses, to be able to safely generate expenses. Creating a shopping or payment list will help prioritize needs and avoid unnecessary expenses.
2.- Schedule payments: To avoid paying high credit card interest suddenly, it is recommended that in months of greater economic consumption the financial technique of “roulette” be used, which includes postponing the debt to the following month, so that the buyer has a prudent payment and organization time.
3.- Do not stop using the card: If you have an active card, it is suggested to make any type of purchases with it, even if it is for minimum amounts. This is to continue generating monthly economic fluidity and to apply to the large and exclusive discounts offered in different market sectors. Such as offers and discounts on products and coupons.
4.- Choose financing wisely: In strictly necessary cases, it is advisable to request financing. When you do not have enough cash, you can apply for an emergency loan, as it has less interest than paying with a credit card. Before requesting it, analyze the monthly installments that must be paid and whether they can be covered within the personal budget so that there are no future financial complications.
“The credit card is a very important financial instrument, which can save many emergencies, especially if it is used correctly as a means of payment and not debt. Thus, It is always important to have advice prior to any use you want to give it.”Adds Giampier.
Finally, taking into account that the responsible use of credit is positive because it allows you to leverage yourself financially, the suggestion is to acquire credits that are within your payment capabilities. Likewise, if consumer behavior is positive and they create a good credit history, it will help them to have a good reputation that will open the doors to other financing options.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
