Dec
01
2010
Company umbrella contractors 'should be savvy with credit cards'
Posted by Sarah Putt
Umbrella company contractors should look at how best to use their credit cards in order to get the most joy out of them.
This is according to Chris Morling, managing director of money.co.uk, who was responding after Sainsbury Finance recently found that 1.2 million people spend more than £1,000 online on credit cards per month.
Mr Morling believes this is all well and good, as long as those with umbrella companies are savvy about their purchases.
People who are do not carefully plan how often they use their credit cards could soon find themselves in debt rather quickly, with those who fail to pay off balances each month also finding themselves slipping into the red.
However, Mr Morling noted: "If you are savvy about it and you are using the card to improve your cash flow each month or just for [the] convenience of carrying a card rather than cash, then it is extremely valuable."
Umbrella company contractors should look at how best to use their credit cards in order to get the most joy out of them.
This is according to Chris Morling, managing director of money.co.uk, who was responding after Sainsbury Finance recently found that 1.2 million people spend more than £1,000 online on credit cards per month.
Mr Morling believes this is all well and good, as long as those with umbrella companies are savvy about their purchases.
People who are do not carefully plan how often they use their credit cards could soon find themselves in debt rather quickly, with those who fail to pay off balances each month also finding themselves slipping into the red.
However, Mr Morling noted: "If you are savvy about it and you are using the card to improve your cash flow each month or just for [the] convenience of carrying a card rather than cash, then it is extremely valuable."