Take credit only where it is due

SMART SPENDING: Maintain fiscal discipline, don't overspend.

Ever wondered why your solitary salary cheque loses its battle every month against dozens of bills and credit card statements?

To save yourself from losing the war, do you try to ration the money in hand to juggle with your credit card dues and keep paying minimum amount due with interest to keep the ball rolling?

Ever wondered why you just can’t get out of your credit card debt and why the outstanding never seems to decrease? If such is your case, you are not the only one waging this losing war.

History repeats itself

We have heard many stories of village money lenders charging exorbitant interest rates from farmers and labourers, who would stay in their clutches for generations and would never be able to pay back the principal, let alone interest. That money lender has reappeared in a new avatar among India’s urban populace – credit card.

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