When borrowing money can help you meet your long term goals for education, for a car or a home. But when borrowing for your day to day needs and wants gets many people into the financial trouble that they me be in. Before using your credit cards obtaining a payday loan or borrowing against your home's equity ask yourself if you really need to borrow the money. You should always use your credit cards with caution. Consider avoiding using credit cards at all or only in extreme emergencies.

Here are some tips on using credit with caution:

• Try to avoid spur of the moment purchases
• You should set a monthly limit on credit card purchases
• You should not allow your credit payments to exceed 20% of your monthly take home pay
• You should not borrow from one credit account to pay another account
• You SHOULD pay more than the minimum ob your credit card bill
• You SHOULD try and pay off your credit card bills each month
• When you go shopping leave your credit cards home so you don't use them.