It’s not just women. Men are also afraid of credit cards because of the mass of horror stories that they heard about excessive and bad credit card use. Huge debts to pay off gadgets? Luxury dates? On late night gimmicks? Wake up, mister! You are heading towards billing hell.
However, with a great amount of discipline and logic, credit cards can really work for you in great ways. In fact, there are a lot of financial experts who claim that their credit card use had led them to become better spenders. Here’s how it happens:
When you have a credit card, everything that you spend for while you were using it will be on paper. You will leave a trail wherever you went, what you bought and when it happened. If you review your credit card statements religiously, you will be able to monitor and to evaluate your spending behavior. Whether you’re picking up flowers for your choice London escort, paying for that much needed car repair or simply getting a luxury massage, you’re sure you can monitor where your money goes. This way you can adjust and you will learn how to discipline yourself and how to make better spending decisions.
Another very obvious advantage of a credit card is that if you are a little weak on saving, you can still get the “big” things that you want (a new gadget, anyone?) without having to struggle on the actual saving. The discipline here is on the post-purchase of course, because if you bought something expensive then you have to set aside part of your income to pay for that bill dutifully. However, think of it this way: when you got what you want in your hands, it’s easier to pay for it. Seriously, this is very motivating.
Moreover, with credit cards, you don’t need to carry a big bulk of money in case you’re out to buy something big, like a laptop or a DSLR camera. Or even a car. If you are also one of the few people who don’t like lugging around cash because you think it’s tacky, then a credit card is good for you.
Aside from that, don’t forget that a great net value of a credit card is so you don’t become a hundred percent bankrupt, like there were placards with the word “Penniless” hanging in front of your face every day. If your salary was a little bit delayed or you just crashed into a financial emergency (like hospitalization), you can still get to eat and buy some essentials. Just remember: essentials are essentials. The new Iphone doesn’t count.
So yes, those are pretty much the good sides of having a credit card. Are you about to apply for one yet? Thoughts and additional advice? 🙂