1. When you're sad or depressed
Shopping is a great way of distressing. Thus, it is important that you really know what you’re buying instead of being massively affected by your emotion.
2. When a major financial change just occurred
A big occurrence that truly affects your life might affect your decision to use your credit card. This might include when you’ve just lost your job or had a major health problem.
3. If you're in the market for a mortgage or to finance a car
If you've spent too much on your credit card or have a lot of balance, you might not qualify for the best interest rates as your credit history isn't good. Making on-time payments a year before buying a house or a car might be a good decision.
4. When you're hungry or sleepy
Rational and informed buying decisions are needed when you’re about to deal with your spending. Remember, your spending comes with short and long term consequences.
5. When cash saves you more. Sometimes, paying in cash gives you more room to negotiate the price. Learn when not to use your credit card when they are less beneficial as compared to using cash.
Read More : http://MyFinance.com.my/articles/detail/7221231406
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