First Credit Card – How to balance your earnings

credit card

Take your first credit card ?

Most of the people in the society has a negative feedback about the credit cards.

Because many from credit card holders doesn’t know how to balance your earnings and spends.

Lots of people are get stuck in the credit card payments and they stuck with the arrears.

Here are some tips for balancing your credit card.

Set the credit card limit balance with your income

Most of the people get stuck with their card is they have no idea how to balance the spends and the income.

Because of that they spend limitless and finally they were stuck with the payment arrears and huge interest rates.

Keep the self control when shopping with your first credit card.

This is another reason that the people lost their money with no reason.

Most of the people have no self control with their spending. They used to buy everything they see because they own the credit card.

But at the end of the day they bought lots of stuff that they do not need actually.

If you visit a shopping mall and you see a big fat cute looking teddy!

You know you don’t have money in your pocket and then you realize you have a credit card!


you own a BIG FAT TEDDY with 20% DISCOUNT!!! WOW!

But do you ever need a teddy?

No, you bought it for no reason and you had money in your card.

You didn’t realize that you should pay it at the end of the month.

first credit card
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Do not get fooled by the promotional messages

The credit card companies consistently send you promotional messages. They are with huge discounts and attractive offers.

If you ever feel you should need that offer, ask yourself that you still need that and keep remembering you have to pay the rest.

But however there are some attractive promotions that are good for always.

There are some discounts in certain days at the supermarkets or at the clothing stores. Try to shop at that days. That is the best way to get most out from your credit card.

So here is the most interesting topic.

How to get most out from the credit card

Always do your payments before due date.

That will cost you nothing more than the due payment. If you unable to pay on due date, the credit card company add a huge interest rate for your total outstanding balance and you will pay more.

Can buy items with payment plans

Here is a interesting topic. Some stores give away items with payment plans for credit cards.

You can buy those items with your card and set a convenient payment plan such as 12months payment or as you wish.

But remember the total amount you have to pay for the item will hold in your card. And the money will release with the monthly payments you done.

Feel safe when you are stuck with the money on the road.

safe with credit card
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Think you are travelling somewhere and your vehicle broke. You have less money in your pocket.

In these cases credit card is there for any help with the money.

There are lot more good and bad in the credit cards. However the good or bad will happen with the user of the card.

always use these cards carefully and wisely. It will give you most out of it for your benefit.

About Shamal 25 Articles
Shamal Nissanka Undergraduate Student Of Open University Of Sri Lanka Founder of Club Journals These days People are Lack of Reading Good Content and This Is A Little Effort To Give Best To The Readers.

1 Comment

  1. Yesterday, while I was at work, my cousin stole my iPad and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is totally off topic but I had to share it with someone!

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