Many around the world are racing to make purchases in preparation for the coronavirus outbreak, but experts remind us what to first consider before buying supplies with your credit card.
It's impossible to escape the headlines about the coronavirus pandemic spreading across the United States and around the world. And it's a natural reaction to want to prepare as best you can, whether that's frequently washing your hands or stocking up on supplies.
"During times of uncertainty, it's normal for people to want to stockpile essentials, especially if their day-to-day life will be impacted," Bola Sokunbi, a certified financial education instructor and author of "Clever Girl Finance," tellsBelow, CNBC Select offers some tips to consider when making purchases on your credit cards during high-stress times:Be sure to pay off your balance in full at the end of the billing cycleThis may require a little earlier-than-normal...
Lowry also suggests really considering if the premiums on some of the most in-demand products, like hand sanitizer, are worth your spending. "Can you actually DIY this product or find alternatives?" she says. One homemade gel hand sanitizer recipe includes things you may already have at home, likeBefore resorting to extremes and buying everything in sight, create a list of all the things you need to purchase.
"Lay out the costs and see what areas of your budget you can shift around to accommodate the additional expense," Sokunbi says. For some, buying these items with a credit card could be an opportunity to earn extra rewards or take advantage of a welcome bonus. Of course, before you apply for a
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