4. Too Much of Household Bills
Your department of water and power, for example, might let you use a credit card to pay your bills without being charged a fee for the service. And if your servicer lets you set up automatic payments with a credit card, that’s one less bill you don’t have to remember to pay on time. Still, relying on credit cards to pay too many of your household bills could get you in financial trouble, especially if you have a bad habit of checking your credit card balance. Without regularly checking your balance and making sure you pay off your credit card in time, you might miss a credit card payment and get hit with interest charges.
A better idea might be to link your debit card instead. But again, make sure you regularly watch your checking account. Otherwise, your balance might fall into the negatives if you don’t transfer enough money into your account to cover all of your household bills.
