If your story is similar to my own, you might have opened your first credit card with the intention of building your credit. But, years later, your credit line increased and the way you use your card changed, perhaps without you even noticing. Instead of using your credit card as a tool to boost your financial health or to earn cash back and rewards, now it’s just an easy way to make purchases and pay them back later. Or maybe not, if the balances are getting away from you.

But, it’s not really an issue with credit cards, is it? Credit cards can be great financial tool as long as we’re using them in a financially mature way, which means understanding their benefits and costs and establishing better credit card practices that allow you to be intentional about how you spend your money.

In today’s episode, I’m talking about the importance of identifying your intentions with your credit card use and understanding how you’re actually spending money when you use your card. I’m also sharing three tips that will help you be more intentional about how you use your credit cards.

Whether you’re someone who is paying down debt or someone who pays their monthly balance in full, building a better relationship with your credit cards will build awareness of your spending as well as help you get out (and stay out) of debt.

In this episode, you’ll learn...

• How credit card debt sneaks up on you if you don’t have a handle on your money [04:52 ]


• Why you need to identify the role credit plays in your life [08:23 ]


• Why it’s important to check whether your credit card is still serving you [09:39 ]


• How to define the type of relationship you want to have with credit [10:54 ]


• How knowing the interest rates and fees on your credit cards can help you avoid hidden costs [12:41 ]


• Why you should know and establish your payoff plan (even if you don’t hold a credit card balance) [16:42 ]


• How paying off your credit card weekly will help you stay in control of your budget [19:55 ]

Tune in to this episode to learn how to use your credit cards with intention.

Get full show notes and the episode transcript: https://wealthovernow.com/how-to-build-a-better-relationship-with-your-credit-cards

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