Everyday Expenses
Here are some ways to responsibly use credit for everyday expenses:
01
Before beginning to use credit, make a budget according to your income and different expenses. Doing so will help you how much credit you can use each month without having too much debt.
02
Only buy things on credit that you can comfortably pay back for by the deadline. Don’t spend more than needed. Make sure to keep your credit balance 30% below your credit limit.
03
Make sure to pay your credit card payments on time. You can even set up automatic payments so that you don’t miss it. This is very important to strengthen your credit score.
04
Explore the different rewards that your credit card offers.
05
If you are an immigrant and go to other countries often, make sure to consider the foreign transaction fees if you use your credit card internationally.