1. Money
LaToya Irby

When to Keep It In Your Wallet

By January 29, 2014

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Part of being a responsible credit card user is knowing when it's ok to swipe your credit card and when it's better left in your wallet. Being able to make this decision is key to building a good credit score and keeping yourself out of debt.

Before you swipe, the first thing you should ask yourself is "Can I afford to buy this today?" Rationalizing the purchase with future income, e.g. "I can pay it back when I get paid next month," typically shows you can't really afford the purchase.

Affordability is just one of the criteria you should use to decide whether to use your credit card. Here are seven times you shouldn't use your credit card. Have you been guilty of any of them?

Related: 10 Things to Know About Credit | What to Do With a New Credit Card | Juggling Credit Card Payments

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