Wednesday, June 25, 2008

The Day of Reckoning

Do you remember the day of reckoning in the Game of Life? When you get your credit card statement, does it feel like the day of reckoning? Does the full amount due determine if you stayed in the black for the month? Do you currently know how much you owe on your credit cards?

Many if not most major credit cards have on line access to your current balance, current entries and the current statement. When you go on line to view your bank account you might be able to view your most recent credit card entries also.

Decide how much money you can put on your credit card each month and still be able to pay your balance in full. When you get to that amount either use cash or checks to pay for new purchases. Don't continue to use your credit card if you can't pay off the balance.

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