Avoiding credit card debt involves careful budgeting, disciplined spending, and thorough understanding of credit card terms. Here are a few strategies:
- Pay the full statement balance each month to avoid interest charges.
- Keep track of the current balance to avoid overspending.
- Keep the credit utilization ratio low to maintain a good credit score.
- Avoid cash advances, which often carry high fees and interest rates.
- Regularly review credit card statements for any mistakes or unauthorized charges.
Implementing these strategies can go a long way in preventing credit card debt and maintaining financial health.