2. Small Indulgences
Sure, it’s sometimes easier to whip out the credit whenever you buy a cup of coffee or a new pair of $5 earrings. And sometimes, depending on the cash-back credit card or rewards credit card you use, you’re even rewarded for those small purchases with cash or points.
But if you swipe your credit card for every small purchase, your credit card balance could grow out of control. And the higher your balance, the harder it will be to pay off and afford the minimum payment. Plus, sometimes store owners will charge you a fee if you use your credit card to purchase items under a certain amount of money. Instead of using your credit card to pay for small, discretionary items, consider using cash. Not only will it save you from running up your balance, but it’ll help you stick to a budget.
