Use credit cards only for emergency.
Although convenient, credit cards are dangerous and damaging.
In addition, if you have a credit card that has a $1,000 balance and you pay only the minimum payment each month, it will take you between 20 and 30 years to pay off that $1,000 balance since
the majority of money is going strictly toward the interest and not the principal amount.
Sadly the incorrect use of credit cards is the major cause of bankruptcy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment