(WTNH) — It’s easy to get carried away with swiping your credit card, but then you’re stuck with the bill and all the interest tacked on.
So, let’s make it easy. Here are the do’s and dont’s of credit card spending.
Here are the three things financial expert Clark Howard says you should never put on a credit card bill.
First is hospital bills, which those can be pricey and don’t make is worst with interest. First try to negotiate a payment plan. Unpaid medical bills also don’t you credit score the way credit debt does.
Next thing to never put on a credit card is student expenses. You will pay a lot more that way and we all know school is expensive enough.
Lastly, never put your dream wedding on a credit card. It’s love not luxury.
Stay within your means and enjoy the part without the stress of the debt you marriage is starting with.
So what do you charge?
One thing to charge is Internet purchases. Credit cards have protections if the purchase turns out to be a scam or another problem.
The gas pump is another place to charge your credit card. Gas pumps hold the amount for several days, thus could cause a debit account to overdraft.
Lastly, restaurants is another place to charge your credit card. Restaurants have a high turnover of employees, so you want protection in case your card gets in the wrong hands.