Purchasing on impulse may allow you to look good for the moment, but leave you feeling bad for a long time.
Credit card minimum payments have increased. When you continue to purchase items on your credit card not only are you increasing your balance vs limit, but you are increasing your monthly financial obligations.
It's never too late to revisit your behavior and spending habits to get out of a financial dilemma.
- Make a list and check it twice. Your list is the difference between naughty and nice. When you make a list and stick to the items, it allows you to remain in control of your finances.
- Leave the plastic at home. I'm a firm believer in building your credit, however, too much credit can deter you from that ideal credit score. Pay with cash to avoid over spending. When you only spend cash it allows you to reconsider that splurging, impulse item. Creditors regard your debt to income and balance to limit on credit cards. In this case, less is more.
- A financial checkup keeps money thriving. Create a household financial plan and continue with monthly follow ups. The prudent consumer tracks her spending and controls her finances. When you revisit the plan it's perfectly fine to make changes for improvement.
The next time you feel the impulse item will make a difference in your life...it will.
Be inspired,
Bahiyah Shabazz
The Solutions Coach
"Providing Solutions to Fit Your Needs"
http://www.bahiyahshabazz.com
