Do you think that credit cards are best used for emergencies?
by Author on Wednesday, August 18th, 2010 | 5 Comments
I guess most people use credit whenever they want. That's their right. Yet, in the perfect world, is credit best used in emergencies and certain other purchases?
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Credit cards are OK if you don’t spend more than you can pay off each month.
Don’t ever carry a balance.
To Mike L, being poor has nothing to do with how you handle credit. How well you handle your finances depends on your maturity, and not your income. The key is not to spend more than you can pay back.
Credit is good to use on things that you need (not things that you want)
Its best to pay them off right away. They shouldnt be given to poor people
go with prepaid credit cards you load it and when it’s gone it’s gone you have to reload.that way you incur no finance charges or late fees keep just enough in there to cover the monthly fee anywhere from 5-10 bucks a month and most of them have a credit builder option on it
Prepaid credit cards are the way to go for anyone who does not want to worry about overdrafts or credit scores etc. The prepaid cards are perfect for emergency use as you can load a certain amount on them and stash them away in case you need it later on. They also offer easy load options and varying fee structures to make them the cheapest for how ever you plan on using them. check out http://www.aprepaidcreditcardtoday.com they have a lot of good information on prepaid credit cards and the benefits they offer and how they can be used.