5. Smarter Medical Bills
When you don’t have enough cash on hand or in your checking account to pay for medical bills, one of the worst things that you can do to your current and future finances is put them on your credit card. Medical care is expensive, and paying for it with a credit card that will charge you high interest on top of this is could be a bad idea.
If you have large medical bills that you can’t pay immediately, don’t automatically whip out your credit card. Instead, contact the hospital’s financial officers and see if you can set up a payment plan. Chances are, you will be paying much less in interest to the hospital than your credit card issuer will charge you.
