However, in the process of using credit cards, many cardholders make improper purchases, resulting in huge credit card debts and becoming a new generation of card slaves

View credit card consumption statements

Card holders will receive a credit card consumption statement every month, which details each of your consumption expenditures. If you overspend on clothes this month, save a little next month. Check your bills frequently to remind yourself not to spend blindly.

Use credit card discounts. Many credit cards offer different discounts. For example, half-price meals, half-price movies, and discounts on shopping at the mall. Take advantage of these discounts and save yourself money too. Of course, don’t spend money just for the sake of discounts, otherwise you will lose more than you gain.

Don’t spend blindly

Since you can’t see cash when swiping a card, many people don’t feel distressed and don’t consider their repayment ability at all. Before swiping a card, you must consider your next month. Can the money be repaid?

Having one or two credit cards is enough. Don’t apply for a bunch of cards just to pay off the debt. In the end, it will only make you fall into the miserable life of a card slave.

It is best not to withdraw cash with a credit card

Use the interest-free period of a credit card

Credit cards usually have a 50-day interest-free period. If you can consume by swiping your card, you can take advantage of the 50-day interest-free period and the money you temporarily save can be purchased into monetary funds. On the eve of the repayment date, the monetary funds can be redeemed for repayment.

Currently, the income of money funds is higher than that of demand deposits, and the income of some with good performance is higher than that of one-year time deposits. Using the income from investment funds to pay off credit cards not only ensures timely repayment, but also develops the habit of investment and financial management.