5 Types Of Expenses You Should Never Put On Your Credit Card

While it is sometimes necessary to rely on your credit card, especially in situations such as sudden medical expenses, loss of job or a pay-cut, you should always remind yourself of a few general guidelines for safe credit card use.바카라 웹사이트바카라 웹사이트

According to experts, avoid paying with a credit card for something that you cannot pay for in full, when the bill is due. Overall, here are the expenses you should ideally not put on your credit card:바카라 웹사이트바카라 웹사이트

1)바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Your monthly rent or mortgage payment:바카라 웹사이트You may have the option of paying your monthly rent or mortgage through your credit card. But there라이브 바카라 usually a processing fee of 2-3 per cent that negates all the benefit. You must know beforehand all the additional costs associated with charging this type of purchase on a credit card. “If you’re residing in a rented place, it is advisable not to pay your monthly rent via credit card. Rental expenses should be part of your budgeted household expenses and you need to maintain financial discipline in this respect to avoid a debt trap,” says Arijit Sen, a Sebi-registered investment advisor and co-founder of Merry Mind, a Kolkata-based financial advisory firm.바카라 웹사이트

2)바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Festive shopping or impulse shopping:바카라 웹사이트If you’re shopping, especially during festive seasons, avoid using your credit card as the ease of use makes impulsive purchases easy. Impulsive buying is an easy way to end up with a higher credit card bill than you expected. Such splurges can be on electronic gadgets, accessories, clothing, shoes, trips, etc.바카라 웹사이트바카라 웹사이트

If you don’t have the finances to cover these splurges, it라이브 바카라 best to postpone them and avoid the impulse purchase putting pressure on your budget. Not being able to pay off the entire amount in the subsequent month will mean huge costs. If you convert into EMIs, there will still be a cost.바카라 웹사이트

3)바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Vacationing expenses:바카라 웹사이트“A few years ago, one couple approached us to solve their cash flow issues. During the data gathering sessions, we came to know that they had gone for an exotic vacation and the entire trip was paid for using credit card. The complicated situation they found themselves in was because of this decision of misusing a credit card. We had to closely work with them, using cash flow planning tools and processes, to help them come back on track over a period of time,” says Sen. Plan a vacation that you can afford; else, postpone it or change the destination, accommodation etc.바카라 웹사이트

4)바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Movies and dining expenses:바카라 웹사이트While going for movies and/or dining with friends, relatives and family, one should not spend via credit card as there's a tendency to overshoot the budgeted expenses during such occasions. If these expenses are becoming a problem, take a look at past few months’ credit card statements and find out how much you have spent. Trim that down to an acceptable level.바카라 웹사이트

5)바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Medical bills:바카라 웹사이트You might be lured to pay your unexpected medical bill via credit card. That in itself is not a problem. The problem arises when you fail to pay back on time, thereby racking up interest. It would be wise instead to set up an emergency fund that you can fall back on in times of such need. Also, buy adequate health insurance.바카라 웹사이트바카라 웹사이트

While using a credit card, go back to the account time and again to check the balance. It라이브 바카라 important to monitor your cash flows. Avoid using your credit card without having a proper plan in place to pay off the debt in the short term.바카라 웹사이트바카라 웹사이트