Coffee Tea or Credit ?
The best Insurance good money management, you can cut down your credit card bills and pay for your Insurance cover !
Sounds funny but it could be that simple to obtain a good credit rating for life, by simply changing a few habits you could keep on improving or rebuilding your credit rating , the average coffee latte costs a few dollars and is normally in some hot cup perhaps while you are in transit on the way to work , just think about how much each month you spend on that take away coffee ? maybe over $ 30 and to think if you got to work a bit earlier you may be able to make a decent cuppa to get you going or perhaps make your favorite cuppa before you go to work , yes I know it might mean getting 5 minutes earlier but the cost savings can be a big help and also because you made it yourself its just how you want it, plus it helps you on your approach towards a good start to the day . A coffee drunk on the run is not really beneficial and is not a great way to start the day. Just one simple change could add $30 a month towards you r credit card bill.
When you spend on your card remember to put that purchase money aside for when its time to pay your bill, so if your up the bank and taking some cash out of a savings account grab the money for that last credit card purchase while you are there and save time by doing both things at once and being ready to pay the bill with money you have put aside as a good habit you have got in to. Soon you will be paying no interest because the credit bill is always there and ready to be paid . It’s so much easier than having to scrounge for it from somewhere else, Be organized, it’s important ! and don’t spend it on something else, be disciplined with your money
Try not to be at your limit all the time because if you are allowing your credit card as part of your emergency plan when in financial trouble or in need of instant cash , your emergency funds will be limited.
You don’t need your card to live, you need food, air, water and good health , just think if you walked up the to the shops instead of driving each time ? this all sounds very straight forwards but the thing is most people don’t have good habits regarding finances and sometimes just a little fine tuning is all it takes to create better credit ratings and more ready funds , so if you think you have perhaps spent all you should for the month then put the card away , don’t leave it in your wallet where its too easy to get further into debt. You must create good money habits.
if you can access your account online take the time to view how you are going each month , you may notice that there are things you forgot about so it may be time to reduce credit card spending for the month , keep an eye on the spending of each first 2 weeks of the month , stay ahead not behind
Shopping can be a trap
Also certain months have certain bills ? so if august is car registration month remember to be ahead on your payments not behind . All this is just common sense but it’s the little things that add up to a lot and will create better credit ratings and habits over time , decide what’s important for the card ? and if you can use cash instead , it may take 2 extra minutes to find a ATM but remember you don’t pay interest on cash.
Now your saving money you can shop around for your insurance needs knowing you are well organized with your budget spending just by making some smart changes to your everyday living costs
Remember why you got the card and set your own limits before the bank does , good habits equal good credit rating.
and it’s just too easy to put it on the card , consider going shopping with cash, although if your card is a store card keep an eye on the offers and use your monthly allowance for better rewards or store offers. Even put your card in a envelope that says do I need this ? written on it , sure it doesn’t mean you will not use your card , but at least it may cool you off in a moment of over spending.