How to Avoid Excessive Credit Card Debt

Avoiding excessive credit card debt is an excellent way to enjoy financial freedom. Credit card debt will hold you back from truly having financial stability. Don't allow yourself to be consumed with credit card debt.

Difficulty: Moderately Easy

Instructions

1. Don't have an excessive amount of credit cards. If you have a lot of credit cards then you will be tempted to use all of them. Keep the number of credit cards below 5 and you will be able to avoid excessive credit card debt from piling up.

2. Make sure that you can pay for the purchase before you put it on a credit card. If you don't have the money up front but are positive that you can pay off the credit card balance before the minimum payment due date then you can use your credit card.

3. Pay off your credit card balance at the end of every month. Never let the credit card balance continue to grow without making any payments. If you allow yourself to build excessive credit card debt you will soon find yourself buried in debt.

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on 11/14/2009 Good tips for avoiding credit card debt. 5 stars~