Give Yourself a Credit Reality Check

If you're like everyone else - experiencing the tightening around the wallet Bakugan pocketbook due to the changes in the economy - this is something you should definitely read. As jobs are being cut by the thousands and prices are shooting up, it often becomes a potentially dangerous situation. What are you going to do if you 1957 Topps baseball cards emergency cash? One thing you can do is give yourself a credit Strange Tales check.

Do you use credit cards?

Many individuals use credit cards, and most of them use those credit cards in a way that is dangerous. Maybe you're waiting on pay day and you'd really like to get lunch in town before going back to work, so you charge it. You see a lovely pair of shoes that would look amazing with a Space Invaders suit you have - so you charge it. This is the best way to get on the fast track to crushing debt. If you spend like this, it's time to give yourself a credit reality check.

Stop Bad Spending Habits

The truth is that you should only be using Mars Attacks credit cards for one of two things - to pay for items you already have the cash to pay for in an attempt to build your credit, and for emergencies. You should be paying your credit cards off at the end of every month so that you're not paying more for all of your items because of interest. When you only pay the minimum payment, you're not getting rid of the actual balance on your credit cards. The only thing you're doing is paying the interest on the money. By continuing this, you could end up leaving your loved ones with the burden of paying your credit card debt!

Stop bad spending habits now by only paying for items you have the cash to pay for. Also, pay your credit card off each month. If you don't have the money to pay it completely off, pay as much as you possibly can so that you will be making a dent in the actual balance owed on the cards.

Create a Plan to Pay Off Your Cards

If you're maxed out or have too much balance on your credit cards, you need to create a plan to pay them off. Figure out how much money you have each month to devote to your credit cards - by subtracting your monthly expenses from your monthly income. Devote as much of this money as you can to paying down the credit cards - the sooner you get them paid off, the better.

While many people would suggest getting a secured loan to pay off your credit cards, don't. Why? Because if you never pay your credit cards again, the most that can happen is that your credit will be shot. However, if you get a secured loan and place your home as collateral and then never pay your credit cards, you could lose your home.

By giving yourself a credit reality check, you will be doing more to protect your financial health in this unsteady economy. Good luck.

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