You
have probably heard of some people falling into deep credit card
debts. These people have ruined their lives because they relied so
much on their credit card to buy things they can’t afford when
paying it with cash.
Before
you become another victim of bankruptcy due to credit card debts,
recognize the ways credit card spending is bad for you:
1.
Credit card doesn’t
mitigate your spending.
It
makes you think you have power on your hands. Even if you don’t
have enough cash to pay for it, you can acquire the things you want
and pay for it later, thanks to that small plastic on your hand.
2.
Credit cards loses the
value of your future income.
You
haven’t even received your next pay day money but you have already
spent it.
3.
Credit cards causes you to
spend more money.
You
are basically not just paying for the costs of your goods but also
the interest it accrues. The longer the debt sits, the more interest
you are accumulating.
4.
Credit cards are stressful.
It
haunts you in your sleep. When the next statement of account arrives,
you feel stressed out and unable to face reality.
The
thing about credit cards is that they are helpful if you know how to
use them. If you use them only for specific things such as buying
necessities like groceries and not for things that you want on a
whim, you can avoid getting in a deep debt.
If
you have credit card debts you need to pay off but you are having a
hard time doing so, seeking the help of a best
financial
advisor in Vancouver such
as Chalten Fee-Only Advisors can help. Financial advisors in
Vancouver BC can help you determine ways on how to curtail spending
and invest existing money to help pay off debts.
To
know more About Chalten Fee-Only Advisors Ltd Please visit our
website: chaltenadvisors.com
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