A User's Guide To Credit Card Debt Management
Credit cards are not evil and in many cases having a credit card is very necessary. Some people just need solid credit card debt management advice in order to keep everything under control and credit card debt management advice is what we are all about. There are things you should use your card for and things you should never use a credit card for and a big part of credit card debt management is common sense and restraint. Both of those qualities come in short supply with just about anyone so do not be surprised if some of the things that you see with credit card debt management advice seem a little difficult to you. The key to credit card debt management is to not necessarily live within your means but to never let your debt spiral out of sight of your means. The whole point to credit is living beyond your means but it can be done in a sensible way.
The most sound credit card debt management advice is to tell you to have a credit card and only use it when you absolutely need to and then pay off the balance every month. If that were at all popular then there would not be any credit card companies in business so obviously a lot of people need credit card debt management advice. Keep an eye on your credit card statement every month and especially watch for your credit limit and your interest rate. If you notice your interest rate going up then call the company and ask why. If they give a less than adequate reason then tell them you are not going to pay that rate and will move your business elsewhere. More often than not they will lower the interest rate at that point. If you make your monthly payments but do not pay your card off in full every month then your limit will keep going up. Set a limit in your mind and if they raise your limit above what you had set as your ceiling then ask them to lower it back. They won't like it but it is your money and they are only entitled to what you really want to give them.
Use It To Your Advantage
Sometimes credit card debt management can help around tax time. I have a credit card with a major home improvement store in my area and my home repairs and remodeling costs are tax deductible and so are yours. I save my statements from that card every month and then write it off at the end of the year. Using your credit cards to your advantage is smart credit card debt management.
Just use self control and cash whenever you can and you will be fine. Managing your credit card debt is not that difficult but it can get bad if you let your debt manage you so keep it all under control.
