The worst thing you can do is make late payments. Keep in mind that if you let the payment deadline pass, you'll pay interest fees on the full credit card balance as of the purchase date. The late fees hurt you immediately, and would be better used reducing your debt. They're also a strike against your credit rating and future bargaining power. By paying late, you also diminish your chances of getting the best rates and deals, like a car loan or a mortgage.
Debt management is an important duty within the family household.
Use common sense and willpower to control your spending habits. Try to shop around for the best rate before settling with just any credit plan and always pay on time . Remember that knowing is only half the battle. Big Next time you want to invest in your portfolio, space out your investments, decrease your risk and increase your return. Anyone can succeed in networking.