*Article contributed by Sarah Morris.

There are a lot of benefits in using a credit card. If you’re a good payer, you can enjoy different rewards programs, complimentary travel insurance, and purchase protection insurance with a credit card. You’ll also be carrying less cash, improving your safety and security while shopping. While all of these things might seem enticing for you to get a credit card, you should also think about the aftermath of your purchases. As a responsible individual, you should also work on reducing your credit card debt. Over time, credit card debt can cause you to fall into a financial turmoil and can adversely affect your life in the long run.

Because of the convenience of owning a credit card, you’ll be tempted to spend more than what you have initially budgeted. This is one of the most common problems people have when they own a credit card. If you already see yourself being caught in this situation, slowly recover from it by following the tips below:

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