smart money strategies
Shrewd Credit Card Moves
Once you have a credit card, which of these practices make sense?
- Only pay the minimum balance each month.
- Avoid impulse buys.
- When you’re short on cash, use your credit card.
“B” is correct. Remember: A credit card is not the same as ready cash. Each time you use it, you are borrowing money. Don’t be tempted to use it to buy things you don’t need or to charge more than you can comfortably pay when the monthly bill arrives. Strive to make all credit card payments on time and in full. Carefully review each credit card statement and dispute those charges you know you didn’t make. Now it’s time to examine several options that can help you pay for college. Continue to “Financing Your Dream.”