(NC) Living costs have increased in recent years and it’s not always easy to keep up with day-to-day expenses. But by following good practices with your credit card you can help reduce some of the stress that comes with high-interest debt.

Here are some things to keep in mind:

Aim to pay off your credit card balance each month to avoid interest. If this is not possible, pay at least the minimum amount to avoid penalties such as an interest rate increase or the cancellation of your card. Your credit score could also be affected negatively.

Regularly check your credit card statements for errors. When you check your credit card statement online, purchases will usually appear after a few days. Keep receipts of all your credit card purchases so you can check the amounts against your statement. If you find an error, report it to your bank right away.

Take advantage of electronic alerts. Your bank must send you electronic alerts when the credit available on your credit card falls below $100. You may ask your bank to set them to a different amount that works better for you. These alerts can help you manage your day-to-day finances and avoid fees.

Consider professional help if you’re struggling to make payments. If you’re constantly having trouble paying off your credit card, contact your bank to find out what options you may have.

You may also seek help from a credit counsellor. A credit counselling agency can provide a range of services such as one-on-one counselling or group courses and seminars. They can also help you establish a debt management plan. But make sure you do your research to find a trustworthy organization and a qualified counsellor. You can check if an agency is in good standing with a provincial or national association. These associations require members to maintain specific standards of practice.

Learn more about credit cards and how to use them responsibly at canada.ca/money.