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Thats my favorite line; I tell it to people all the time, he added.
Your credit card, you know what your return is, he told Ramsey.
Meaning that its not hard to accumulate a lot of debt on your card.
Mangold suggested that you Remind yourself that a credit card should be used as a charge card.
He also stated, Credit cards should be used out of convenience, i.e.
you dont have that amount of cash on you.
It should not be used to make purchases that are out of yourbudget.
Having boundaries is another important factor in credit card usage.
Plummer advised to Set spending limits and use credit cards for planned purchases rather than impulse buys.
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