00:02If you've got your budget on your mind, financial experts say these are some charges that shouldn't be on plastic.
00:09You should think twice about putting your rent or mortgage on a credit card.
00:12Aaron Lowry, founder of Broke Millennial, tells CNBC there's usually a 2-3% processing fee.
00:18So even if you're charging those payments just to get rewards, the fees could negate them.
00:22Money Talks News says the same for buying a new ride, explaining that a cheaper way to make car payments
00:28will likely mean getting an auto loan through a bank or credit union.
00:31CNBC advises against using plastic for any large purchases you can't pay off right away,
00:37explaining that aside from the toll from interest, your credit rating will take a hit if you use up all
00:42or most of your credit limit.
00:43As a way to guard your purse strings, avoid any impulse purchases.
00:47Whether it's retail therapy or a night out on the town, these are some scenarios that can really rack up
00:52debt in a hurry.
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