For me, I love them. I love the credit card rewards that come along with responsible credit card usage.
However, I know I’m not the norm.
I’ve seen the mess that credit cards have brought upon others, so I know that not everyone feels the same way as I do.
Irresponsible credit card usage can lead to high interest charges, late fees, and a ruined credit score.
It can also lead to a person spending much more money than they originally planned for. By signing up for financing or paying for a purchase with a credit card, it may make the item seem more “affordable” due to the fact that you aren’t paying for it with money that you already have.
Just because the monthly payment seems “doable,” it doesn’t mean that it’s what’s best for you. Debt can lead to stress, a paycheck to paycheck lifestyle, delayed retirement, and more.
These are all things that no one wants, especially if there are other ways around it! [Read more…]