Page 40 - Book1E

• Do I really need this?
• How much will my life suffer if I don’t buy it?
• Am I only buying this because it’s on sale?
• Would I buy this if I had to pay cash?
• Do I know what my credit card balance is?
• Will I actually feel better if I don’t spend this money?
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LET’S REVIEW ________________________________
Understanding What You Are Charging
Review your credit card statements for the past three months. Make a list of everything you charged or paid for with a cash advance in the following categories.
Select one item from the list that you will commit, from now on, to pay for with cash.
Clothes
Restaurants (include fast food) Entertainment Transportation
Gifts
The 60-Second Card
Utilities
Cell phone Membership fees Hair care Groceries
Make a copy of this card and carry it with your credit cards. Before you make a purchase, answer these six questions. Think about each question for 10 seconds before going to the next one.
Too Much Credit