raaman
Valued Contributor
Think about your credit cards. Keep them with the highest interest charged cards at the top. You have to pay off these first, before you could save anything. Saving money will never help if you accumulate interest payments.
So it is better to keep the card that has the lowest interest rate in your purse and also use it in emergent situations only. Take into consideration the amount you need for your day to day expenditure.
Do not spend unnecessarily on eating out or on expensive clothing. There are things you need to keep your family fed and healthy. Spend half of your real income on essential things. Use the rest of your real income to start paying off your credit cards.
So it is better to keep the card that has the lowest interest rate in your purse and also use it in emergent situations only. Take into consideration the amount you need for your day to day expenditure.
Do not spend unnecessarily on eating out or on expensive clothing. There are things you need to keep your family fed and healthy. Spend half of your real income on essential things. Use the rest of your real income to start paying off your credit cards.