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How Many Credit Cards Should I Have?

The average American carries 3.5 credit cards in his or her wallet.

Do you really need that many cards? Depending on your lifestyle and how and what you spend your money on, it may be to your best interest to focus on carrying and using two credit cards that offer maximum rewards for your particular lifestyle.

Keep in mind that, unless you use credit responsibly and pay off the entire balance every month, you won’t get the optimal results from using your credit card, and you may actually end up in more debt than intended

Today's tip brought to you by Mvelopes and Monday4Life Coaching.