Credit cards have become an essential necessity in our daily lives. We use them often and some people even use them instead of cash. Truth is, we cant leave home without them. A credit card can be useful if we learn how to use the card in a controlled manner. However, if the cards are used in an impulsive manner, then can get into trouble financially. When credit card usage get out of control, people end up in debt.
How do we stop this spiral of overspending and growing debt? It all depends on individual to control our spending. It all boils down to own unique mindset, personaility, behaviour and attitudes.Even idential twins could display different behavious, when it comes to money and credit cards.
We must treat credit card like our cash, think before we spend. In fact it is our rationalise our spending pattern that counts. Rationalise before signing on the credit card slips.
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