The Stress Of Paying With Plastic
You may be offered your first credit card while still in college. The idea of being able to submit a credit card account was impressive. You can suddenly buy something you never thought possible. Your standard of living seems to have improved significantly. This was especially important during college when money was scarce. When you give birth to your first child, your credit card balance may run out. I had to buy a lot of things like basins, baby beds, and walkers and so on. And it seemed like a great way to pay off with a credit card.
There may be stress associated with paying your monthly balances. Balances can get so large, in fact, that you might have a hard time paying them off in full. It can be stressful trying to manage multiple credit cards. Also, you may feel stressed about the minimum monthly payments. If you have other important bills to balance, like your mortgage and car payments, financial stress can seem overwhelming. How do you deal with such stress?
Another technique you can use is to keep yourself on a credit card budget. In fact, how much credit card debt can you handle every month? Once you know your limits, do not overboard under any circumstances. Otherwise, you can make a significant monthly payment. Also, if possible, try to pay your credit card bills on time. This means eliminating late fees, which can be a significant expense. By paying your bills on time, you will improve your credit rating and you will be less stressed.
Why not try: Anti Stress Empowerment