Your financial health is important. A good credit score helps you to finance what you may want. Employment, buying a home, healthcare these things are all relevant. Avoid mistakes that could jeopardize your financial status.
A good financial habit is to avoid unnecessary costs. Why spend money if you don’t have to? Credit cards may give you more than you bargained for, especially, if you overspend. A quick way to ratchet up unnecessary costs on your credit card is late fees.
In today’s world there is never a good excuse to miss a payment. But somehow it persists. Is this a result of laziness? In the modern tech world of automation maybe. It could also be a result of overspending on a credit card too out of your league. A card with no limits perhaps. Generally, when you miss a payment you will have to pay more. Even if you don’t have enough for the bill this month you’re better off just making the payment. Then after the payment is made on-time, you can do damage control.
Don’t worry about a late fee. In fact, don’t even pay late fees. Keep a budget of what you want to spend and have your cash in your savings account for the due date. Automate your pay and, if possible, pay early. A late fee not only costs you much more but is a demerit on your score.
Your financial health is important. A good credit score helps you to finance what you may want. Employment, buying a home, healthcare these things are all relevant. Avoid mistakes that could jeopardize your financial status.