The major cause of someone gets sucked into credit card debts is social influences, which may influence what you think and react towards credit card.
One of the social influences is the credit card interest rate is high, which means the accumulated debt that you unable to pay will be charged by interest and it will make the owing amount getting more and more. Next, it is very easy to get credit cards, multiple credit cards in fact. The liberal, unfettered use of credit card may lead you to credit card debts. Then, most probably people around you will have credit cards. Some of them like to talk about it and flash it around from time to time. This may influence your own attitude towards credit card debts. In addition, people who do not want to be outdated will also get into credit card debts easily because they always buy something just because other has been boasting about theirs.
Here are a few ideas to prevent credit card debts. The most direct way to avoid credit card debts is stop using credit card. Secondly, take cash only when shopping, once the cash is gone, stop shopping. Thirdly, set a budget and think of what you absolutely must buy and would like to buy before spend your money. Lastly, use credit card only when you have no cash on you, as a convenient and will repay it before the interest start accrue.
One of the social influences is the credit card interest rate is high, which means the accumulated debt that you unable to pay will be charged by interest and it will make the owing amount getting more and more. Next, it is very easy to get credit cards, multiple credit cards in fact. The liberal, unfettered use of credit card may lead you to credit card debts. Then, most probably people around you will have credit cards. Some of them like to talk about it and flash it around from time to time. This may influence your own attitude towards credit card debts. In addition, people who do not want to be outdated will also get into credit card debts easily because they always buy something just because other has been boasting about theirs.
Here are a few ideas to prevent credit card debts. The most direct way to avoid credit card debts is stop using credit card. Secondly, take cash only when shopping, once the cash is gone, stop shopping. Thirdly, set a budget and think of what you absolutely must buy and would like to buy before spend your money. Lastly, use credit card only when you have no cash on you, as a convenient and will repay it before the interest start accrue.
2 comments:
Too bad I'm already sucked into this debt :(. What you mentioned here is true to the bone! I wished I read this earlier!! Please help :P.
Anyway, like what Lazy Fish mentioned, it's very easy to get several credit cards. That is the problem. Anyone can have a credit card now, no matter he can afford it or not.
The methods that you suggested to prevent its debt is good. I'll try it out. Thanks
That is the problem with this society nowadays. Credit card has became a fashion statement. Everyone seems to forget its main purpose.
Lazy Fish, it's good to point out the causes and preventions here. Too many people need to know these. I wonder if there's more tips you can share? It's a good article here though.
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