how do you all spend?

Question

When you all have credit card,how do you all plan spending?

Answer 1

Wat you do is you swipe your card in the weird device, then enter your PIN code, then you take the stuff that you were trying to spend money on.

Answer 2

I never 'plan' to spend anything on a credit card. It's dangerous to do so. To your credit, I mean. I only use the card when I have to, as in, having to buy a new washer cause the old one just bellied up like a dead fish on me.
I believe that if I can't afford to pay cash or write a check for everyday things, then I certainly won't be able to afford the interest on the cards. I scrimp and save for any 'low cost' items I want, like a new coffee table that cost $200, but if the fridge goes out it's nice to know I can fall back on one of the cards and get it replaced quickly.

Answer 3

Credit is a tool like any other. if you use it well you build something great, if not you can cut you legs out from beneath you.

Make two sets of credit cards, A. Ones that offer rewards and usually high rates and B. Ones that offers low rates.

Use list A for daily spending that you pay off at the end of the month _NEVER CARRY A BALANCE, you use these to get points, miles, cash back, whatever your preference is. Only buy what you can afford to pay off at the end of the month.

Use list B for large purchase shopping that you will need several months to pay off like a washer/dryer set that you figure by purchasing now and saving all those trips to a laundromat it pays for itself within a year, even with low interest. NEVER BUY DAILY ITEMS on these card. Use balance transfers between list B to keep your interest as close to 0% as possible.

Always pay you bill before the due date. Keep a calendar with when your payments are due for each card, just in case you don't get a bill or misplace it.

Follow these simple concepts and you will be on track to building great credit and getting good stuff in rewards. Just remember to only buy what you can afford or makes sense financially.

Answer 4

I have a month to month budget plan for cash and credit cards. I put in bills, medical expense, etc.. And also put in an amount for family recreation, like dinning out, movie rentals, vacations etc... I use Microsoft Money software to make it easier to track and budget spending. If you are talking about using your credit card, be very careful on how you spend. Do not go over your limit, and make all your payments on time, so that you can keep your credit good. Also compare credit card rates as they varies widely. and some have hidden cost. I hope this answers your question.

Answer 5

I suggest that you don't spend unless you have the money to cover it. Credit cards are great for emergancies, as long as you have a good interest rate, and don't put yourself in so much debt, that you can't pay way over the minimun payment. If not the whole amount. Don't get yourself in debt. It is not worth it.

Answer 6

I use my credit card for everything over $20, (it's one that earns frequent flyer points).
I make sure I pay off each due amount on time, that way I pay no interest.
It has a high annual fee but I think it's worth it.
I would have a cheap, no-frills one if I couldn't make the payments each month.
The interest adds up too quickly on the cheaper cards.

Answer 7

I still buy what I need. Having the card does not change my spending habit. I reserve overdraft for emergencies like hospital bills, etc.

Answer 8

I use mine for Gasoline and travel. Occasionally for buying things online. Before long money will be obsolete and all we will have a cards.

Answer 9

I never spend on credit. if you use a cc pay the balance each month don't pay interest it will kill your finances.

Answer 10

we only use ours for purchases which require credit cards, such as airfares, and only when we know we can and will pay the balance in full as soon as the statement arrives.

Answer 11

Don't use them. Use a debit card when necessary or practical. I like to keep it as simple as possible.