subject: Cut Up Your Credit Cards - Stop Accumulating Debt With These Debt Relief Options [print this page] Making purchase through credit cards has become a way of our lives. Most of us can't even think of not carrying a credit card with us. However, if you unmindfully spend through your cards you will accumulate an unmanageable amount of debt for yourself. The stress related to debts can be serious threat to your health as well as your financial life. The good thing is that it is possible to control your credit card debts. A few conscious steps and you will have a full control over your financial life.
1. Make a list of all your monthly expenses. Now identify items which you will be purchasing on your credit card. Set a reminder so that you do not miss out on the payment deadline. In case you make payments through internet. Make sure you allow yourself a few days grace period in advance to any kind of website breakdown. Never use the card for anything other than what has been decided in your budget plan.
2. When you use your credit card, keep in mind the fact that you should have money to pay it back in full at the end of that month. That means, use it as if you were using cash. This will stop you from over using your card.
3. Pay the full balance at the end of your billing cycle. If you don't the interest charges will get added on to your account which will shoot up the outstanding balance.
4. Make all your payments on time and avoid late fees. Any delay in payment should be informed to the creditors beforehand.
5. Don't take cash advances from your credit card. The whole point is to avoid using the money you do not have.
Cut Up Your Credit Cards - Stop Accumulating Debt With These Debt Relief Options
