August 28, 2013
What should be rule #1 when using a credit card? Specifically, what must be accomplished at the end of the month?
What should be rule #1 when using a credit card? Specifically, what must be accomplished at the end of the month?
Always pay your credit card debt off in full at the end of the month.
That is exactly right, Thomas. If you cannot pay it off, get rid of it, freeze it, cut it up, do whatever you have to do, but you MUST pay that credit card bill off every month. Those interest rates will cripple your wealth creating abilities AND you will lose your grace period on future purchases when you fail to pay the full amount. Never violate rule #1.