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Top Ways To Avoid Racking up Monthly Credit Card Debts

Cutting up your credit cards sometimes seems like the only way to ensure a balance of zero every month.

Cutting up your credit cards sometimes seems like the only way to ensure a balance of zero every month. But there is an alternative. We took a look at the top habits of people who somehow manage never to carry any credit card debt. So what are the secrets? They have an emergency fund and a vacation fund. These savvy spenders don't rely on their credit cards in emergencies. They are regularly putting cash into designated accounts to avoid crediting large sums they can't pay back. They avoid the 'Rewards' trap. It's tempting to spend big to rack up extra reward points or cash back. But if you aren't paying off the balance in full the tiny rewards percentages aren't worth the 15% interest you are paying on your balance. They spend within their means. Using Apps like Mint can help you organize your accounts in one place. Shopping with a list is also a good tactic. Planning your daily spending before you go out helps to stop your splurging on impulse purchases. They make weekly payments. Dealing with small chunks of your balance at a time throughout the month helps you stay on top of your spending. The most efficient credit spenders are also the ones spending the optimum amount to boost their credit score. You can check out the state of yours on sites like CreditKarma.com. It's definitely worth your while to cultivate good spending habits when it comes to credit. So work on the good habits that will cut your debt load.

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