A credit card is a very handy tool. You can make purchases without the hassle of bringing too much cash with you. However, it can also be a very dangerous tool. If you don’t know how to handle your finances, you might end up in tremendous debt later on. So, before you apply for one or another one for that matter, make sure to check out first if having a credit card is good or bad for you.
As you pack your Christmas decorations back in their cabinet, the money that you’ve blown away during the holidays is now finally sinking in. The mere thought of looking into your credit card account balance may even petrify you. If it’s any consolation, you are not alone in your predicament.
Spending wisely is all about being smart on what you buy with your hard earned money. Majority of people tend to splurge on things they don’t need because of FOMO or the fear of missing out. They want to keep up with everyone else or they simply want to impress other people. Others simply fall prey to expert marketers who were able to convince consumers in buying stuffs that they don’t need.
It is acceptable to splurge on things that you like every now and then especially if you have the means to do so. However, it is not right if you fall heavily into debt by doing so. The last thing that you want is to end up selling the things that you need later on.