Family Life Knows Everything.

Chapter 244 Use credit cards carefully to avoid being a "loser"
Indeed, a credit card makes spending easier than cash because subconsciously you feel like you're saving your cash.Moreover, shopping with credit cards makes many people feel more courageous than usual. Shopping with credit cards satisfies their sense of dominance and self-esteem, and spending with credit cards gives them a false sense of security.

When shopping with credit cards, people rarely think about the quality of things, or do "shop around".Because many merchants and banks will adopt some marketing strategies to stimulate credit card consumption, the most typical is to tell you which shopping malls and which coffee shops you can enjoy a 10% or 20% discount when opening a credit card account, many people will for these discounts And fell into the trap, it's not a joy, thinking that I took advantage of it.

When the statement comes out, if you can't pay the full balance, then you have to pay interest, and your hard earned money is just overpaid to the bank and the merchant.If you can't pay it off on time, the recurring interest on credit cards is very high, and some people even joke that it is equivalent to usury.

Therefore, it is best not to participate in this kind of blind credit card consumption game. For most people, this is a wrong choice.Of course, it does not mean that you should not apply for a credit card. If you like this way of consumption, you must ensure that you can pay off all the debts every month, because only in this way can you build your good credit.Moreover, the main purpose of a credit card is to deal with your temporary financial constraints, such as installments for bulk consumer goods, loans or emergency cash withdrawals, rather than for such daily dispensable consumption behaviors.

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Don't keep extra credit cards. Having one more credit card will only consume your money, and even develop your bad spending habits, and it is not conducive to your own family financial accounting.In addition, if you leave a bad credit record, not only will your credit card be forcibly suspended one after another, but you may also be rejected when applying for a loan in the future.So, don't keep excess credit cards.

(End of this chapter)