Every now and then, most of us realize that it is not that easy to have the necessary sum of money when in need. Believe it or not, 70% of US inhabitants have credit cards from the age of 21 – and the percentage goes higher and higher as the age increases. Looking deeper into the subject, there is no wonder why – since a credit card is ought to provide you with the necessary financial resources to get you going. Still, as time goes by, we slowly start to understand that it is a necessity to have money for the bad days – especially when the time is tight and we need something really quick. These being said, in case you are looking forward to knowing more concerning the subject, make sure to stick with us and keep an eye onto the following lines in order to discover why is having a credit card a bad idea!
- Open Access to Money
Now, a credit card is a useful tool ought to be used in order to obtain the outcome expected – which is, to be sure, a handy instrument to help you get going. Well, we all know that – a credit card comes with a generous sum of money that can be easily used no matter what for the sake of your well being. If we think of the situation in this way, it is super advantageous to own one – so that you can have the necessary money in a short period of time. This is one of the most important things, since it might be hard for you to find someone able to borrow you with the necessary money in the required time. On the other hand, the more access you have to your money, the more interested will you be to get those and use them in any manner that suits you best. By this way, you might end up noticing how your financial resources will be overspend on some rather useless stuff.
- Hard to Impose Limits
Another slight disadvantage of having a credit card is undoubtedly the fact that it is rather hard to impose limits. Whenever you are ready to use all of your money, just think of the fact that a vast amount from there is not yours whatsoever. This means that even though anything you see in front of your eyes seems and is extremely attractive, in reality they are not able to be yours – due to the fact that you will need to use money that are not yours, but borrowed from the bank through the credit cards. Even so, the temptations are quite high, reason why it will be rather hard to impose limits to such situations. Thus, you should better consider the idea of thinking twice before heading towards some of the most uninspired decisions taken in your life.
- Never Running Out of Money – Always Running Out of Financial Independence
Believe it or not, a credit card is one of both best and worst friends. This happens due to the fact that you would never run out of money by having one, yet it is quite doable to run out of financial independence. This basically means that you can always have the necessary financial resources to get you going, but never the freedom to say stop. Instead, you might consider the fact that your financial independence is directly linked to the idea of paying each and every month for the credit that you have already used prior the moment of speaking. Again, this is an important aspect to take into account, due to the fact that by going from one debt into another there is nothing more unsatisfying that doing this all over again. Of course, there are things you should better be aware of – such as the fact that the financial independence is extremely important and will definitely make you one of the best out there, even without a credit card.
- Easy to Buy More Than Needed
Another difficult issue in here to solve would be the fact that a credit card is easy to use – sometimes even too easy. This is the main reason why you could say that by using one, you are more eager to buy more than you need. By this way, you will get nothing more than just a bunch of additional debt to handle – and this is no good at all. Instead, you could remain to what you actually have in your mind, together with the fact that what you need does not necessarily have to come in a large amount. By slowly looking into the subject, you will understand that it is easier to buy just the proper amount to get the outcome expected – with no other problems whatsoever.