Credit cards are just so convenient, arenít they?
Thereís no need to carry any money with you ever again: you can just take one with you to the shop and pay the exact amount just by handing it over. If you havenít been paid yet, then you donít need to worry, because the money will still be there.
When you shop on the Internet or over the phone, itís the only good way to do it - what else are you going to do, post a cheque?
Like anything convenient, though, credit cards have a flip side - in fact, they have lots.
Can You Keep Track?
When you walk into that shop and hand over the card, the money is taken from the card, and the card goes back into your wallet. You still have all the things you started with - thereís no less money in your purse or wallet to remind you of what youíve spent.
Everyone has a tendency to underestimate what they spend, and smaller amounts can add up quickly on a credit card without you even noticing. Itís like taking the way phone bills work and applying it to everything you buy - and that canít be a good idea.
Money For Nothing.
Using credit cards is a great way of losing a percentage of your income to a credit card company in exchange for nothing. The moment you run a balance, youíre paying them interest.
Not only that, but youíre paying your credit card bill as soon as you get your wages, so you donít have the chance to earn any interest on them from your bank. When you think about it, youíre losing out twice over - and for what?
Designed to Keep You in Debt.
Your credit cards are trying to keep you using them and paying interest. You will find it very difficult to pay off all your credit cards once you have them. The company will do everything they can to stop you paying before youíve paid them lots of interest.
The more debt you show you can pay back, the more theyíll try to offer you, until they get you to the point where you canít pay.
The Lie in the Name.
Credit cards are called credit cards to avoid saying what they really are: debt! You will do much better in all things connected to credit cards if you always remember this simple mantra: credit cards are debt cards.
Use the word debt as often as you can whenever you talk about credit cards.
But Sometimes You Canít Avoid Them.
When you need money in an emergency and you just donít have any, thereís no doubting that credit cards can be useful. They are also a very useful way of proving to credit rating agencies that you can handle debt, and this will be taken into consideration when you apply for car loans or a mortgage.
Just remember that whenever
you handle credit cards,
Do everything you can to keep your
use of them to a minimum,
Published by Dunway Enterprises
MAIN FREE ARTICLES INDEX
Bookmark & keep coming back often!
INDEX - ARTICLES LISTING
Average 10 articles per category
Recommend this site to a Friend
FREE GIFTS CLICK HERE
ClickBank the best way to complete a digital sale.
THAT YOUR LOOKING FOR - CHECK OUT THE CLICKBANK CATALOGUE
Over 10,000 + Products to Choose From!
If you're into Niche Resale Rights
Products then check out my
which has 120 + different ebook packages and still growing.
The Ultimate Recipe Collection
CURRENTLY  DIFFERENT RECIPE E-BOOKS
CLICK HERE TO VIEW THE LIST
I'VE ALSO JUST FINISHED A SITE
TOTALLY DEVOTED TO ...
'MASTER RESALE RIGHTS PRODUCTS'
CURRENTLY 83 DIFFERENT PACKAGES
DROP ON BY & HAVE A LOOK
Ebooks - Books - Software - CD's - Reports - Videos & Business Opportunities
Dunway Enterprises || Dunway Sitemap || Sub Domains Index
WebMaster & Site Design by Ken Dunn
Dunway's Network of Joint Venture Sites
CLICK HERE TO SEND MAIL
Copyright [c] Dunway Enterprises
ALL RIGHTS RESERVED
Tom Azzara - Newsletter & Book
Tax Havens of the World
Master Resale Rights - Resell and Distribution Rights!
CREDIT CARD DEBT