Adulting can be tough. There’s a whole world of things that you’d taken for granted for your entire life, that you’re now responsible for handling on your own. One of these things is credit cards, and making payments on them.
Now that you’re an adult, you’re able to get a credit card, which means you can make purchases throughout the month and then pay the card off at the end of the month rather than paying directly out of your bank account every time you make a purchase. However, it is important to keep track of your purchases in order to make sure that you are able to make the payment on your credit card at the end of the month, so that your card will still be accepted and you are able to be accepted for future credit cards as well.
So, how to manage keeping track of the purchases being made on your credit card so that your spending stays under control?
One way to do this is by limiting your credit card use to specific instances and situations.
For example, you can reserve your credit card use for things like groceries only, or only to pay your utilities and rent, or just for gas and car maintenance. Limiting your spending on your credit card to specific situations helps to remind you how much you have spent, and it also ensures that you spend a similar amount every single month. This is an easy way to keep track of your spending and to also make sure that you don’t use your credit card and end up having to make a payment that you can’t actually afford at the end of the month.
A second way to manage your credit card use is by applying for and being accepted to credit cards and rewards programs that are specific to certain stores or companies. These in-house credit cards, like the Forever 21 credit card, the American Eagle card, the Target card, or the famous Angel Card, can be used only at their designated locations or at sister stores that are under the same main company. When used sparingly, these are a great way to build up your credit and spend carefully, as you can only use the credit card at one place.
Getting the hang of things like utilities, bills, credit cards, and more can be really difficult, but it is important to learn how to manage credit cards and your payments on them so that you can build your credit for the future, which will help you be accepted for things like loans, signing leases, and other credit cards. Make sure that you stay on top of your payments every single month, even at the beginning of adulthood, because your credit stays with you and contributes to the way that you can build up your future as you continue on through adulthood.