More For Your Money - University of Illinois Extension

Use Credit Wisely

Remember, use credit wisely and only when necessary.  Ask yourself these questions before you use credit.


Answer yes or no to each question below.

Is this item something I really need?
Can I make payments every month?
What if I can't work for a while? Will I still be able to make the payments?
Have I shopped for the lowest annual percentage (interest) rate?
Can I afford to tie up my future income paying off my credit debt?
Will the item still be useable when I finish paying for it?