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Archive for January, 2010

Tempting offers for credit cards seem to be getting constantly pushed under our noses, and it can take a lot of willpower to resist them.

Rather than accepting every offer that comes your way, if you really are offered a card with an interest rate that’s simply too good to pass up, keep the card for emergencies only.

We all have times when unexpected expenses are put upon us- whether it’s car repairs, a forgotten birthday, vets bills or home repairs. As events like these usually can’t be planned for, it’s all too common to find yourself seriously strapped for cash.

Using a credit card for emergencies only does take some willpower, although it will definitely be worth it in the long run.

With the much anticipated January payday nearly upon us (phew!), it can be all too tempting to get back into the routine of spending aimlessly again.

However, if you spent a lot on your credit card over Christmas, you really need to think about paying it off sooner rather than later.

In addition to budgeting for your regular bills and monthly outgoings, you should make a concerted effort to set aside a reasonable amount each month to pay off any festive spending- otherwise the interest will undoubtedly start piling up and you could end up still paying off Christmas 2009 in Christmas 2010!

If you’re struggling to keep track of all your monthly payments for your store cards and credit cards then you might want to think about consolidating them all.

There are many benefits to consolidating your debts- not least because you won’t have to worry about paying lots of separate bills every month.

If you can find a credit card with an interest free period or low interest rate (although they are very rare at the moment), you should definitely try and snap the offer up and transfer all of your existing debts over.

So take a load off your mind and get hunting for a debt consolidation bargain now!

January is a difficult month for just about everyone, and we’re all feeling the pinch after Christmas.
Bars, restaurants and shops are all really quiet (well, after the madness of the sales!) as nobody has any spare cash to hand.
However, after a couple of weeks of being good and staying in, many of us get itchy feet and want to start enjoying ourselves again. It can be all too tempting to put an expenditures on credit and store cards, although you need to be strict with yourself and try to refrain from doing this.
If you really must spend- substitute a big night out for a night in with friends and a few bottles of wine, and if you’re desperate for that new pair of shoes that you NEED, why not sell off some of your old clothes on Ebay and use this money to treat yourself. This way, you won’t be adding to your money woes.

Christmas is always an expensive time of year, and it’s all too easy to get carried away with yourself and spend far too much.
Many people put purchases on their credit cards, with the mentality that they’ll deal with the payments when they have to.
However, now it’s mid- January, credit card bills are starting to drop through the door, and Christmas spending can no longer be ignored.
Unless you have a credit card with a really good APR, you need to make sure that you pay off as much of your card as possible.
Just paying off the minimum amount is a bad idea, especially if you’ve spent lots.
This is why it’s a good idea to pay off as much as you can as possible. Think of other areas that you can cut down on spending and use it to pay off extra credit card debts.