Drawbacks of Credit cards

vidhyaprakash By vidhyaprakash, 10th Aug 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/2tqz7759/
Posted in Wikinut>Money>Credit Cards

This article gives the Drawbacks of Credit cards..

Drawbacks of Credit cards

Both credit and debit cards are called as plastic money and people are interested in spending more with this plastic money. In this modern days people are interested in shopping with their credit cards and don't worry about the money, as we can spend more using it. But they forget that we are in need to pay the money future.

Most of the credit card holders don't worry a lot about their spending, as they can spend a lot using their credit card and shocked a while after seeing their bills. We must organize our spending to avoid worries in our life. Credit cards are for our emergency needs, some times we are in need to pay bills or purchase some thing, at that time we don't have any money, we can use our credit card for our emergency needs. But we must avoid the unwanted luxury usage of the credit card.

We don't get any benefits by using credit cards for unnecessary shopping needs, only our credits will be increased in this way and we are in need to pay a huge bill in the future. Don't tempted to spend a lot with your credit card, always organize your expenses and spend the money in a good way to avoid unwanted money problems in your future.

Tags

Credit, Credit Cards, Drawbacks Of Credit Cards, Spending, Spending Habits

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author avatar vidhyaprakash
I am running a courier agency.. writing articles in various sites.

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