If you have a credit card, you should be willing to use it every so often. Never only view your credit card as a back up plan for financing emergency situations. Instead, if you have a continuous income, view it as a way to build your credit and have fun as you better your life. With that, here are four things you can do on a monthly basis to be happy while boosting your credit rating.
Audio book club membership
As you look to use your credit card and keep a low balance on it, consider an audio book club membership. Audible.com offers its members many great books for a continuously low price each month. With the membership also comes others perks like additional free downloads and cheap access to many best selling compositions.
Engage in a hobby
If you have a hobby that requires you to spend money, consider using your credit card for it. Hobbies like bowling, putt putt golf, or playing games online may require you to pay a small price to play. This can be an easy monthly expense to manage on your credit card while keeping its balance low.
Buy your favorite music
If you are a music lover, allow your passion to benefit you. Consider purchasing your favorite music as a part of your credit card’s monthly budget.
I have a set budget to purchase new songs I have heard, or old music I want to listen to on a monthly basis. By doing this, I have found myself continuously satisfied with the music I have and the money I spend to receive it.
Gym club membership
Staying in shape is good for your health and can be fun if you do it right. Therefore, consider purchasing a gym club membership (preferably month to month) with your credit card where you can exercise and do other activities.
As you can see, all of these things can be fun and should have a price that is 30% lower than your credit card’s credit limit. This way, you can stay in the “green zone” for building credit while keeping a smile on your face every billing cycle.
An audio book club membership will not be a charge to your credit card that you will regret. Instead, you will find yourself constantly entertained by great authors as you build your credit each month.
Nice bowling alley
You can find a hobby that will not be a large expense to your credit card. This will give you a great excuse to use your credit card to build credit with reoccurring easy to pay off balances.
DJ mixing music
You can catch great deals every month on your favorite music. Therefore, be sure to shop around for cheap prices on great tunes. Then, purchase them with your credit card’s manageable monthly budget.
A gym membership can be an awesome investment for your health and financial status. Therefore, find a gym where you can purchase a membership with your credit card and pay the balance in full each billing cycle.