My mother's bestfriend is her credit card. Every time we go somewhere, she always brings her buddy credit card. My mother likes to shop so much and to eat in fine dining restaurants. Sometimes, she and my dad would go abroad and sleep in a
cozy boutique hotel. My siblings and I advised my mother to stop spending with her credit card, but she won't listen to us. Now, she keeps bugging me to lend her some money just to pay all her credit card bills. Although I don't like to give her some money, I let her borrow some cash. Along with the money, I gave her an article about credit card trouble. This should teach her a lesson.
The article I gave my mother tells of the reasons not to get a credit card. If you're new in using credit cards, it's better not to avail a card with high interest rate. High interest rates will definitely cost a lot on your part. It's also not good to pay your debts late. Don't follow the adage, better late than never, because it's not gonna work here. If you miss paying it on the due date, chances are your rate or next payment will increase. Never use different credit cards especially if you can't manage to pay any off your credit card debts.
In paying for your monthly dues, allow yourself to pay more than the
minimum payment. If you continually pay minimum only, you will realize that after paying it after two years, the amount paid is already double the original price. It's better to pay more if you have an extra money in your budget. Another big mistake that most credit hard holders commit is sharing their card with a friend. There's a probability that your friend will run away and you will carry this financial burden. Remember to be wise and critical when using your credit card. It can break or make your financial life.
