When a big bill comes, or you’re just about out of money right before payday, credit cards come in handy. But if you’re not careful, credit card debt can quickly get out of control. KDKA-TV’s Jon Delano has more.
Money Minute: Tips for staying out of credit card debt
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I use credit cards for almost every purchase I make. I also pay the full amount when the bill comes. I don’t pay any interest. I also have a credit card account because of my business and I have to pay around 2% to the credit card company for handling the credit card for a purchase. So the credit card companies basically are making money every time you make a purchase and they make lots of money when you don’t pay the balance completely off each month. If you don’t need it and can’t afford it don’t buy it.