10) Avoid Credit Card Debt
Credit cards serve their purpose, but they are generally a bad thing in terms of interest rates. While it’s possible to access fairly low interest rates if you shop around, your best strategy is to put away the plastic and use your credit cards only when needed. Pay off balances monthly (or sooner) in order to avoid interest charges. By staying away from expensive credit of any type (including high-interest bank loans), you’ll avoid tiresome interest charges and fees which negative impact your ability to save for retirement.
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