Common credit card mistakes you should avoid

Credit cards often receives lot of flak – partly because of humans using it. Yet it can be a very good tool to manage your finances. And it can also be a starting point for financial quicksand – which can manifest itself in form of unending and snowballing payments – thanks to the high interest rates they charge. However, you can avoid getting into this quicksand by avoiding some common credit card mistakes. What are some common credit card mistakes you should avoid?

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10 tips to avoid getting into a debt trap

Love for debt (and EMI driven lifestyle) can be detrimental to your financial life.  It can make compounding work against you and may deter you from reaching your financial goals. Hence, it is important to avoid getting into debt trap if one is aiming for financial independence or partial financial independence. Here are 10 tips to avoid getting into debt trap.

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Tips to get out of debt

Debt, more often than not, is bad for your personal finance. The burden of servicing debt and paying your EMIs can make compounding work against you. Being in debt can make you pay a much higher price than you ought to be and have a long term implications on your financial journey.But if you have debt, and multiple types of debt, how do you get out of it? Here are some tips to get out of debt.

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How to make best use of credit cards in India

Credit cards can be an amazing tool to manage your finances, get good deals and some excellent rewards. All you need to do is understand some credit card hacks and be on lookout for deals! However, before starting on how can you make the best use of credit cards, you need to be sure if […]

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Worst loans and debts that you should avoid

Giving loans is a lucrative business. Business of banks and financial institutions rely on people taking loans and then repaying it, thus giving them profits. Many have built a fortune based upon giving loans. Loans also serve an important function for the economy by being a facilitator to businesses, housing, automobiles and other elements of […]

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You should stop using credit cards now if …

Credit cards are often too attractive to resist. Many of them come loaded with some good welcome gifts, some good offers, a good credit period and the promise of enabling you fulfill your dreams via credit limit. Yet, for many people, especially first timers, this euphoria vanishes before few months. The underlying reason for most […]

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Are you falling into a lifestyle trap?

Almost everyone wants to have an amazing lifestyle – with best possible food in best possible places, awesome travel destinations, a swanky car, few trending gadgets, elite memberships and many other symbols which can proudly announce – “I have arrived”.   Yet a lot of us get so obsessed with chasing this lifestyle that before […]

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Why you should avoid credit card debt?

If not managed properly, credit cards can soon lead you into a downward financial spiral which entails a never ending series of interest payments, balance transfers, bad credit rating, mental stress and more. So, it is important to handle credit cards with care and avoid credit card debt.

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The story behind credit card debts and personal loans

Any one with even an iota of interest in personal finance & its workings would probably know that credit card debts and personal loans are usually the worst kinds of debt traps that you can fall into. Yet many people fall into that trap again and again. Many of them do come out of it […]

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Credit Cards – Boon or Bane?

There are people who love splurging, thanks to credit card. There are people who avoid credit card like plague, due to fear of overspending or online frauds? There are people who love credit cards due to rewards they offer. Which category do you belong to? _____ Credit cards can be an amazing tool to manage […]

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