This post is not about paying off credit card debt (I’ll cover it a in different post), rather about principles I’m using on a daily basis to be smart with my credit cards.
I moved from Europe to the US in 2017, and it was like being born anew: I had to adapt to a completely new financial system. The main difference is in approach to credits: in Europe, you have a good credit rating if you do not use credit (or do not use it often): it shows, that you can live on your own money. In the US you have to use credit cards: it shows that you are good at borrowing and returning others’ money.
The main paradigm shift threw me to another extreme: as now I had to use credit cards, I had no tools to track and understand if I’m good with credit cards or not. In fact, I was introduced to unlimited credit money… And it did take me some time to balance the extremes (no credit spending vs. unlimited spending) and formulate my approach.
Continue reading “Smart with Credit Cards”
Katty's Wallet 