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Even if you dont use credit cards, these threered flags may indicate your finances need attention.
Godwin said this is a great way to ruin your finances.
Instead, he advised ditching the cards until you build an emergency fund covering three months of essential expenses.
When financial shocks occur, having this safety net can prevent you from spiraling into a debt cycle.
Regardless of age, if you havent retired yet, you should be saving for retirement.
The younger generations have the advantage of time when it comes to saving, which provides two significant benefits.
First, compound interest has more time to grow your savings when you start early.
Money experts often recommend saving 15% of your pre-tax pay for retirement.
Then, make a run at increase that percentage annually until you reach 15%.
Final Take To GO: Are You a Credit Card Person?
The bottom line is that these red flags could indicate that youre not acredit card personright now.
A weekly check of your charges may make it easier to spot and stop any overspending.
Andrea Norriscontributed to the reporting for this article.
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