Yami No Matsuei's Blog

Let’s face it, we spend every day for our daily consumption. Food, fare, school supplies like pens and paper and a lot more. Every now and then we buy for weekly consumption goods and occasionally, we buy clothing. Of all the things we purchase, there are a lot of which we spend on more than we think.

If we buy a whole pad paper, we spend less than buying them everyday in retail. Or for our cellphone load where we buy almost everyday for those who love to call or text. If we buy these stuff in bulk, we save more, thus we are utilizing our money effectively. It’s always better to spend if we can save.

When purchasing, I don’t really recommend the using your credit cards. Why? Think of the interest rate you have pay in additional. If you cannot pay for your credit card bills in due time, this may result in bad credits, thus making it difficult for you to apply for a new one. If you can pay it in cash, then do so. i personally believe that credit card use in purchasing is good only when the product is for installment or for long term payment modes. Or, if payday is near. Then you can pay for the good without much of the interest rate.

When using your credit card for installment plans, it is actually more convenient than having cash installments. This is because it is more convenient than to go to the firm monthly and pay. Normally, during paydays, those who own credit cards usually look at their credit card statement of accounts before anything else. So I recommend to use your cards on long term payments and when pay day is near. Happy spending guys.

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Technorati Tags: Credit cards, installments, Shopping

This entry was posted on Tuesday, March 11th, 2008 at 11:38 pm and is filed under Credit cards, Financial Management, Shopping. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.