No one can discount the convenience offered by credit cards, but plastic is not the only type of currency available to you. While credit cards do offer unparalleled convenience, you are paying for that convenience each time you offer plastic as payment at the register. It’s important to consider both the amount you pay each month in interest on your balance and the occasional late fee. Together, those costs can really add up over time—and if left unattended can grow into a financial disaster.
There are several alternatives to using credit cards. Try some of the following options to reduce the likelihood that you'll get into money trouble:
Make the time to create a monthly budget in order to plug spending leaks now so that you don’t have to rely on credit cards to get by in the future.