Credit Card Debt Can Be Avoided

There are sill a few people who do not use credit cards for anything and they may even consider them to be evil. There are several reasons why someone might not like credit cards, because they may have had bad experiences with them in the past. If they got into heavy debt they wouldn't want a repeat experience. 

They may have had parents who strongly taught against credit card use, perhaps after having a bad experience themselves, or they may just see no need for credit cards and the mess that goes with them.

Some people are definitely on the other side of the story and their wallets are loaded with credit cards. People who have a number of credit cards they use frequently actually pay off their balance every month, so they are actually borrowing money at a high interest rate.   

Do you avoid credit cards like the plague, or do you charge so often you forget what shade of green a dollar bill is?. The fact that you are reading this article could mean that if you do not now have a credit card, you are thinking of getting one or you are somewhere in the middle.     

Your individual personality and how you react to financial matters will help determine whether you decide to get a credit card or not. If money could be managed perfectly by everyone, it would be nice, but this is not happening.

Getting a credit card should not be a first priority for you if you have trouble with your budget, because you probably are not ready for credit. You could likely handle credit if you are on a monthly budget, buying just what you need when it is needed, paying your bills on time and putting money in your savings each month. If you have been able to stay away from putting yourself in debt, a credit card might be okay, but first think about why you want a credit card in the first place.

Do you want to borrow the money to live the life you want to live and buy what you want?. In this case, you should NOT get a credit card and you also need to seriously reconsider your financial situation.        

If you just want a card to swipe and then go on when you are shopping, it is just as easy to use a debit card from the bank the same way. They will often ask you debit or credit, and if you choose credit you can sign and go just as with a credit card.

The credit cards that earn reward points for you such as a cash back credit card, may work best for you, if you are totally sure you will be able to pay off their balances every month. This type of credit card will be worthwhile only if you always pay off your balance each month, or you will be canceling out the amount you would receive from the reward points and will still owe more in interest charges.