Some types of debt are healthier than others. Mortgage debt, for example, is considered a good type of debt because it eventually allows you to own an asset that may increase in value over time. Credit card debt, on the other hand, is one of the less beneficial types to acquire. If you continue to accumulate more debt, it could be due to these habits.

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1. You are not following a budget

People who do not budget for the family risk spending more than they can afford without even realizing it. If you don’t have a budget, you may not be in control of your bills, which could lead to additional expenses and a sky-high credit card balance.

Better bet? Spend some time examining your bank and credit card statements to see what your spending looks like. Then make sure you earn enough to cover them entirely. If you don’t, you may need to make some immediate changes, whether that’s reducing your living space (if at all possible) or cutting back on your leisure expenses.

2. You only check your balances at the end of the month

A lot of people don’t log into their credit card accounts to see what their total spending looks like until their bills come due. It is a mistake. If you wait until the end of the month or the end of your billing cycle (which may not coincide with the end of the month), by the time you realize how much you’ve spent, you may already have to carry a cheeky balance.

It’s a good idea to check your credit card spending every week. Pick a day each week to log into your accounts and see what your total charges look like. If by the middle of the month you find that you’ve already spent more than you’re comfortable with, this will alert you to be frugal until your next billing cycle.

3. You allow too easily to give in to impulse buys

Many of us make unexpected purchases on a regular basis, whether it’s in physical stores or online retailers. But there is an easy way to avoid the latter and keep your credit card charges to a minimum – don’t store your credit card information on any of your electronic devices.

If you’ve saved your credit card details to your phone or laptop, it’s all too easy to make a quick purchase and then move on. But if you don’t keep this information handy, that alone can deter you from making impulse purchases – and accumulating more debt as a result.

Sometimes credit card debt is hard to avoid. If your working hours are reduced or you are faced with a series of unforeseen expenses, you may have no choice but to accumulate a balance. But if you want to reduce your chances of that happening, try to stick to a budget, check your spending every week, and make it harder to make unexpected purchases on the fly. These simple steps could do wonders for your finances and help you avoid accumulating debt or adding to the pile you already have.

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