Should you avoid spending on credit at all costs?
Many people fall into the debt trap due to wild spending habits using their credit card. Credit card debt is a problem that can leave one cashless for a long time. Becoming financially independent requires one to have control over their spending, especially their credit card habits. Image source: upgradedpoints.com Some financial disciplines suggest that if you can’t purchase an item with cold cash, you simply don't deserve it. In the past, sticking to principle was easy. With the effortless access to credit cards, people can swipe until they drop. It’s still beneficial to stick by this rule to prevent overspending. Michelle L. Marquez stands by the same principle. If you can’t stop yourself from using your credit card, might as well get rid of it. This will help build your finances and teach you to spend wisely on necessary items. Image source: creditrepairlawyersam.com While there can be advantages in using a credit card, they can easily be toppled by the disadvan...