Many credit card holder facing a problem-too much credit card debt and unable to meet credit card payment obligations, unable to afford what they really want because every extra cent has to go towards keeping up with the minimum payments on their credit cards. Other than that, some college student also facing the credit card debts (College Student Journal, 
Sept, 2002by Jill M. Norvilitis, Phillip Santa Maria).
An important cause of credit card debt is people keep charging items that couldn't afford, use those little plastic cards for things that weren't necessary. Normally, people are trying to pay off yesterday's purchases, many of which have long since worn out or been forgotten, how will we acquire the things that we truly want for tomorrow?
One negative aspect of using credit cards instead of cash is that we don't feel like we're spending real money. We forget about the unpleasant or painful feelings of making the payment for the credit card statement. Studies show that most people are much less likely to buy, or will spend less, when paying with cash as opposed to credit cards. The best solution for this situation is trying leaving the credit cards at home, pay with cash, check, or a debit card.
To really prevent from spending and credit card debt, we need to examine what money means to us, and the attitudes about money. Make an effort to notice how to interact with money and efficiency way to use the money.
Another study also shows that people with low self-esteem engage in more impulse spending and buying things they don't need. Remind ourselves lack of money doesn't determine who we are. Our worth as a person has nothing to do with how much money we have. As we begin to build up feelings of self-worth and develop a positive attitude about ourselves and about money, we'll attract positive things into life. By doing so, we'll feel less of a need to generate positive feelings by purchasing things, and we'll find it easier to stop buying items we don't really need.
As a conclusion, credit card is very convenient and useful for people but it causing some people having problem to pay the credit card debts. Thus we must know how to control desire to buy the thing we don’t really need.
An important cause of credit card debt is people keep charging items that couldn't afford, use those little plastic cards for things that weren't necessary. Normally, people are trying to pay off yesterday's purchases, many of which have long since worn out or been forgotten, how will we acquire the things that we truly want for tomorrow?
One negative aspect of using credit cards instead of cash is that we don't feel like we're spending real money. We forget about the unpleasant or painful feelings of making the payment for the credit card statement. Studies show that most people are much less likely to buy, or will spend less, when paying with cash as opposed to credit cards. The best solution for this situation is trying leaving the credit cards at home, pay with cash, check, or a debit card.
To really prevent from spending and credit card debt, we need to examine what money means to us, and the attitudes about money. Make an effort to notice how to interact with money and efficiency way to use the money.
Another study also shows that people with low self-esteem engage in more impulse spending and buying things they don't need. Remind ourselves lack of money doesn't determine who we are. Our worth as a person has nothing to do with how much money we have. As we begin to build up feelings of self-worth and develop a positive attitude about ourselves and about money, we'll attract positive things into life. By doing so, we'll feel less of a need to generate positive feelings by purchasing things, and we'll find it easier to stop buying items we don't really need.
As a conclusion, credit card is very convenient and useful for people but it causing some people having problem to pay the credit card debts. Thus we must know how to control desire to buy the thing we don’t really need.
2 comments:
We must be careful in spendinng in order to avoid too much of credit card debt.
If complusary need a card.. i more prefer debit card... just spend how much i got.. no need paid interest and don't have liability.. also quite convinience.. wat for apply a credit cards? using future money? then what we can spend in future?
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