When shopping, make a list of what you need, and buy only what’s on the list. Impose a “waiting period” on yourself before buying something you want but don’t need; you may find your interest was only temporary. For items you know you’ll need, buy when they’re cheapest — on sale, with a coupon, or out of season — even if you don’t need them just yet.
Use the extra money to start a savings account or emergency fund. This way you won’t have to rely on your credit card when you’re in need of cash for an immediate car or home repair.
About the Author
Cam Merritt has been a professional writer and editor since 1992, specializing in articles about personal finance and law. Merritt has a Bachelor of Arts in journalism from Drake University.
This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.
Published by permission from ConsumerInfo.com, Inc. © 2013 ConsumerInfo.com, Inc. All rights reserved.