Credit cards for Emergencies

We all have a love hate relationship with credit cards.

I am working with several clients that have already cut up their credit cards, but have been left with debt.

They are paying the minimum amount and are making no head way with paying down the amount.  The stress from this is enormous and can be eliminated with a little planning.

Don't get me wrong, credit cards can be very useful, especially when you have an unexpected expense like a dentist bill or car repair. 

You just have to be smart about it and pay off the amount when you receive the bill.  Use a credit card for  emergencies only.  Watch the date, sometimes you can get away with not paying for the purchase for two months.

This is a great article:

www.moneyville.ca/article/944740--what-your-credit-card-company-won-t-tell-you?bn=1

Enjoy!