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BEFORE USING CREDIT, CONSIDER....
- Planning for purchases in
advance. Do you want to commit
future income to monthly credit payments?
- Is the item you are considering
purchasing with credit a need or a luxury?
- Learning to say no and mean
it. Remember... we cannot have
everything that we want.
- Understanding your own
weaknesses when it comes to money.
- If you know credit cards
purchases are tempting, then don't carry the cards with you (but keep them
in a safe place.)
- If you know you have a tendency
to over-spend at the grocery store because you have over-draft protection
on your checking account, make a list to shop from, and withdraw cash from
the bank. Leave your checkbook at
home.
- Working towards the goals you
have set. Does the credit purchase
fit into your overall plan?
- Weight the pro's
and con's of the purchase. Did you
observe the "two-day rule?"
(The two day rule: When you
see something you really want to buy on credit, go home and think about it
for two entire days. If you decide
after two days that it is still a smart buy, and
it fits into your budget, then go back and buy it.)
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