Partial units receive funds to improve A&Es

Everyone needs a little help to get ahead now and then whether we receive gifts or use our credit cards to buy sometimes.

09:07 11 August 2013

Now and then we all run into some difficulties with finances and making ends meet. There are many demands on our time as well as on our billfolds. Some of the A&E units which have been struggling to provide better care and reduce the waiting time will benefit from funds which have been termed a bailout, in order to keep up with the monetary demands required in order to provide sufficient care.

At times we may use credit cards as our own form of personal bailout. Often this can result in further financial problems, but if you consider a few things before rushing into purchasing with your credit card, you might be able to benefit instead.

• Always consider interest rates—some people will tell you that this is not the most important factor when choosing credit cards. If you already have one, this will be one of the most important factors you review when making a purchase. If you aren’t able to pay off what you spend on credit within thirty days, you’ll pay more for a longer period of time with a higher interest rate.

 

• Unique policies—some credit cards have unique policies in place such as inactivity penalties. If you have a card which charges a large penalty, you might consider using that one to avoid the penalty. Make sure that is the best option though, because the penalty could be less than what you end up paying in interest if the interest is higher than another card you have.

 

• Additional incentives—one of the ways you might get ahead is by using your credit cards to earn points towards something else such as flyer miles, or dining points. If your company doesn’t offer any incentive to use the card simply pick the one with the best interest rate, and lowest fees.