Using a credit card means buying things with borrowed money

I am really against using a credit card and then not making a full payment at the end of each month.
That would essentially mean that you are spending money that is not yours.You are spending beyond your means.That means you are incurring debt.
By spending money that is borrowed and not making a full payment what you are essentially are doing is eventually not only spending that exact amount that you initially spent on what you were buying , but also end up paying interest .That interest money could very well end up being a lot by itself if you go on not making full payments each month and keep paying the minimum possible amount.Essentially, you are paying more for the same thing you could have bought for less had you used cash or a good debit card.Get my point?If in a year you spend 800 dollars in just interest..would that be good?
You could very well have bought something with that interest money.
Credit card by itself is all about 'Credit' and to me, CREDIT , is a nasty word..A word that involves living in indignity ..The indignity of spending more than you can really afford and of mismanagement of one's own finances and of an attempt to live a lifestyle that is quite unnecessary if you are not in a position to make a payment at the end of the day.
Hmmmm..
What is the solution?
Have a savings bank account.Have a debit card associated with it.That way you can only spend what you have..That way you don't end up in debt.
Also, please manage your finances before they get the better of you and take over your life and make it an impending hell.
More advice coming up in future blogs.
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