Added: Chrisandra Sylvester - Date: 16.11.2021 14:01 - Views: 19203 - Clicks: 8328
Using credit cards seems to be the norm these days. In most cases, all you need to do is give one quick tap with your credit card and you can be on your way with your new purchases in-hand. While credit card use is definitely widespread with more and more people depending solely on plastic rather than cash to make their purchases, is it even realistic to think that you can go against the herd and live without credit cards?
By managing your money, you can live within your income and not need to rely on credit to meet your expenses. It is important to budget for all of your expenses, including the occasional ones. What about car repairs? If you own a car, there will be maintenance costs, so you will need to budget and save for those expenses every month as well.
That way when these expenses do come up, you can simply take the funds from your savings versus pulling out your credit card. If you need help putting your budget together, one of our counsellors can do it for you, for free! Just call to set up your free appointment, which you can do over the phone, too. If necessary, you could decrease your expenses by tracking your spending for a month using our monthly budget tracker. For example, do you really need all the bells and whistles that you have on your phone, internet, and TV? Our budget calculator can be a useful tool for this exercise.
Pull out your debit card instead. For example, you can have a monthly automatic debit for your car insurance, and pay your property taxes in an escrow with your mortgage or arrange for a monthly payment. You can buy gift cards on a regular basis and use them as needed. If you need to book or buy something online, you can use a prepaid or secured credit card, which is essentially a card that you load with your own money.
Plus, it helps to 1 control your spending because you can only spend up to the amount you have put on the card, and 2 adds an additional layer of security by not linking your personal credit card or debit card to an online . Although the confirmation is on the credit card, you can use your debit card to pay the bill at checkout.
No credit card bills to come home to. You can live without credit cards if you plan and budget; our certified credit counsellors are here to help. Call to book a free appointment. Leave a Comment. Get Out of Debt. Call Us At: 1 December 15, By: Sandra Sherk. Planning and Budgeting are Key By managing your money, you can live within your income and not need to rely on credit to meet your expenses. Balance Your Income and Expenses If necessary, you could decrease your expenses by tracking your spending for a month using our monthly budget tracker.
Use Gift Cards You can buy gift cards on a regular basis and use them as needed. About the Author Sandra Sherk Sandra has been in the credit counselling field for 40 years and her goal has always been to empower people to take control of their finances. Related Articles. July 14, June 04, November 23, Tips and Tools. Stay in Touch.Living credit card free
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