Trying to Cut Back on Charging
What’s Okay to Charge and what’s Not If You’re Trying to Cut Back on Charging
So you want to cut back on charging but you’re not ready to shred those credit cards just yet. So what’s okay to charge and what’s not when you’re trying to cut back on your credit card bills? Let me give you the breakdown.
Unexpected Auto Repairs
What do you do if your car breaks down and you just don’t have the cash to pay for the repairs? In a situation like that, it’s okay to charge your auto repairs to a credit card even if you’re trying to cut back on your monthly charging.
Starbucks
Regardless of what your cravings may be telling you, Starbucks is not an emergency expense, it’s a luxury expense. If you’re trying to cut back on your charging, you’re going to want to skip Starbucks unless you have the cash to pay for it.
Groceries
If you’re trying to cut back on your charging, putting groceries on your credit card probably isn’t a great idea. Make a weekly budget and have cash on hand for the groceries you need rather than accruing a balance each month on your credit card.
Gasoline
Like groceries, gasoline is something that should be budgeted for, not something that should accumulate a balance on your credit cards. Unless you can pay your gasoline bill off each month religiously, make sure you’re not charging your gasoline to your credit card.