Personal Finance Buzz

If you are like most people, you probably have a credit card or two (or three, or four) sitting in your wallet or purse. In fact, the average Canadian carries a total credit card balance of over $3,200 at any given time. While this may not sound like a lot, credit card interest payments, fees, and penalties can eat at your monthly budget, making it difficult to save money or put it towards other more worthwhile expenditures. These tips will help you effectively put a credit card debt reduction plan in place.

You can buy just about anything with a credit card -- assuming the limit is high enough. If you are looking for some unique additions to your household, here are 6 things you can put on your credit card.

When choosing a credit card, you want to make sure that you are getting the best credit card for your needs. Because personal finance is so personal, it is important that you consider your own individual needs when choosing a credit card. You will want to consider the credit limit, of course. But there are other considerations that should matter as you choose a credit card. You can pick a credit card that is likely to work for you: As you compare the credit card possibilities, keep the following things in mind.

I recently wrote about My Journey to the Best Canadian Rewards Credit Card. This is the only credit card I carry. Having a single credit card meets my needs in that I feel the rewards on this card (The MBNA Platinum Smart Cash MasterCard® Credit Card) are some of the best available for people who like this credit card benefits paying them instead of paying interest.

While it might take time to work through some of your credit card issues, you can still resolve to make improvements and set money goals that will work for you. As you get ready for a brand new year, here are 5 credit card resolutions to consider.

Read more: http://www.creditcardscanada.ca/blog/credit-card-tips/5-credit-card-reso...

If you gave your credit card a bit more of a workout over Christmas than you meant to, you could start feeling the pinch by the New Year. So rather than start the New Year off filled with worry and self-pity over your credit card debt, why not work on some ways to reduce your credit card debt that won’t hurt the budget.

You might consider adding your child to your credit account to help him or her obtain experience with credit card use. However, you don’t want to give your child a credit card unless he or she is truly ready for the responsibility.