CA Akhil Kumar’s Post

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Chartered Accountant, FAFD, Certified Financial Planner

🔸 Attention LinkedIn Connections! 🔸 📣 Let's talk about a simple rule when it comes to credit cards: "Never pay for something from a credit card that you cannot afford to pay from a debit card!" 🚫 If you find yourself in a situation where you need a credit card because you are low on cash or struggling to cover your expenses, it's best to skip it. Taking on a credit card may not be the right choice for you at this time. ✅ On the other hand, if you are considering getting a credit card for the benefits, such as reward points, and you have the money available in your savings account, then go for it! Taking advantage of reward points can be a smart move. 🌟 Remember, it's crucial to use credit cards responsibly and within your financial means. Understanding your own financial situation and goals will help you make the right decision on whether or not to get a credit card. 💡 Share your thoughts and experiences in the comments below! Have credit cards been helpful in managing your finances or have you found other methods that work better for you? Let's start a conversation! 💬 #financialplanning #financialplan #creditcard

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