Step one: Clever use of credit card accounting. All of Alin's consumption is done through credit card swiping (including online shopping). At the end of the month, she prints out her credit card statement, which serves as a record of her monthly expenses. She then summarizes and analyzes it to see which expenses were irrational and which were reasonable. For the next month's consumption, she pays particular attention to these findings.
Step two: Mastering installment shopping. Nowadays, installment shopping is flourishing. From large items like computers and LCD TVs to small items like clothing and daily consumer goods, almost everything can be purchased via credit card installment payments. Therefore, most of the appliances in Alin's home were bought using her credit card on an installment plan. For cardholders, mastering installment shopping means dividing the amount paid each time, increasing their expectations and realization of quality of life. With this clever strategy, whether it's for appliances, leisure consumption, or even "borrowing" money from the card, it's more than just an idea.
Step three: Clever use of the interest-free period. The basic function of a credit card is overdraft. Repayment within the interest-free period (usually up to 50 days) does not incur interest from the bank. As ordinary consumers, we can calculate the consumption date and repayment date to maximize the use of credit funds. For larger purchases, we can utilize the interest-free period of the credit card for payment. Alin's approach is: first sign an agreement with the bank for full repayment of the account, and use the credit card for daily expenses. If you have more than two credit cards, you can take advantage of the different settlement dates of each card to extend the repayment time. Use the bank's money to buy what you need without cost during the interest-free period, while your own money can be invested to generate returns for yourself.
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