How To Stay Out Of Debt

Credit card? Yay! The burden of crippling debt? Not so yay.

Hey, look at you. You’ve gotten your first credit card (after that long spiel from the bank and those multiple phone calls) and you’re probably feeling a little bewildered. You’ve gone from slogging it out at Uni to your first job, and now you’re making your way to some sort of financial independence. It ’s these little victories that make up the rite of passage to adulthood (is this what they call “adulting“?) but it ’s also a watershed period: You taking on financial responsibilities.

Having a credit card definitely has its perks (Swipe. Wave. Sign. All the above = new stuff!) but it also means a boatload of responsibility that may become a burden. And the last thing you want to do is get yourself right into debt before the year end (interest can snowball and you can rack up The Credit Card Bill That Will Never Be Paid Off), which lands you right back at square one.

Thankfully, here are some really honest and really helpful tips that BBazaar Malaysia (bbazaar.my) has revealed to #TeamCLEO. FYI — BBazaar has info on financial products like loans, insurance, credit cards, mutual funds and more which are completely neutral and completely accessible. For now, digest this info and see whether you really need to hit “Add To Cart” on those really cute pair of shoes.

LOWER YOUR LIMITS