Swipe What You Can Afford-Credit Card Tips UAE
Many a times when we get our hands on a credit card, we get this illusion of being all powerful and splurging mindlessly.Yes, credit card gives you that purchasing power but it does come with a charge. The money that you use is borrowed money and always remember that. It could be free but for a certain period of time only. If you don’t
repay that amount within the billing cycle, then you will be slapped an interest. This interest keeps compounding as long as you keep a balance month-on-month.
Follow a simple rule. Don’t charge your credit card beyond your means. Buy only that which you can afford. Live below or within your means. Delay gratification and save for the future. When the time is right and when you have saved enough, buy that thing that you really wanted.