The sheer convenience offered by credit cards can change your spending habits, but with this convenience comes the temptation to spend without any reasonable planning. This further leaves you in a situation of heavy debt, which can take years for you to settle. For a better understanding, listed here are the tips that can help you if you’re wondering how to stay out of credit card debt:

• Build a safety net
  A credit card may become the only option to deal with an unexpected car repair or medical expense if you don’t have any emergency savings. Although it takes time to build an emergency fund, you can start by saving a little to cover the small expenses that might pop up anytime. This way, you will be able to gradually move to better saving habits and not rely on credit cards in times of need.
• Self-impose a credit card limit
  Are you wondering how to stay out of credit card debt? Try monitoring your spending habits, and self-impose a limit on your credit card. This way, you create a positive impact on your credit score and also remain mindful of your card balance. Most importantly, imposing a limit on your credit card helps you enhance your overall ability to save.
• Stick to what you can afford
  If you want to stay out of credit card debt, remember that flexible access to a credit card can be extremely tempting as you may end up paying for something you can’t really afford. So, you must use the card rationally and only for necessary expenses, as anything beyond that can turn into heavy debt in the future.
• Always pay on time
  Keeping your credit card payments on track is one of the best ways to stay out of debt. When you miss a payment, you are forced to make a higher payment the next time as you have to pay for two due payments and the late fee. Over time, it gets more difficult to manage the payment process, which leaves you in a vicious cycle of debt.
• Understand the signs of credit card debt
  To figure out how to stay out of credit card debt, you must recognize the early signs of credit card debt so that you can pull back on your spending habits. For instance, if you observe that your credit card balance is too high to pay altogether, you must understand that you have used it more than you should.

A credit card acts as an amazing financial tool, but you must ensure that you don’t spend more than you’re capable of repaying. The above-mentioned tips are the various ways on how to stay out of credit card debt while also making the most of its benefits.