Credit Card Addiction and Misuse - Continued

Make yourself a limit of having just two or three credit cards. You do not need five. You cannot afford five credit cards. Consolidate your bills so you can afford the monthly payments and you will put extra money back in your own pocket every month to live off while you continue paying on your bills. Cut up extra cards. Cancel those extra credit cards. Keep the credit cards with the lowest interest rate and get rid of the rest.

Get a hold of how much you are spending and on what. Write down everything that you purchase for a month, from the pack of gum to the gas, the groceries, and the gifts for others. Review your listing and learn about where in your household budget you can cut back on things you really do not need. 

Putting a hold on how much you are spending and using your credit cards will help you financially in the future. Using credit cards for purchases that are emergency or that are necessity is really the only time you should be using your credit cards. Think twice before handing over your credit card – is the purchase really needed or is it just for fun and looks?