• Limit the use of your credit cards and the number of cards that you have.
• Don't buy things you don't need.
• Avoid loans and credit cards with high interest rates.
• Choose credit cards with low interest rates and no annual fees.
• Avoid having monthly credit card payments greater than 10% of your monthly income.
• Do not charge over 20% of your annual income to credit card purchases.
• Try to pay off your monthly credit card balance. If not, always pay above the minimum
installment.
• Pay on or before your due date. This will reduce your interest payments.
• Don't exceed your credit limit.
• Avoid using 15% of your credit line and leave it available for emergencies.
• Keep track of all your credit card purchases. Save the receipts and compare them with
your statement.
• Check your account statements.
• Don't use your credit card to buy high priced items that are beyond your means. Don't
forget your budget.
• Don't commit to monthly payments that you will be unable to meet.
• If you are unable to manage your accounts, speak to a financial advisor who can help
you create plan to stay afloat.
