With the financial innovation of credit cards, it has become perhaps too easy for the average person to maneuver themselves into trouble by mounting thousands of dollars in debt. In prior decades, a person seldom spent more than they had available simply because they couldn’t. Today, however, banks and credit card companies make a financial killing from your indebtedness, so its admittedly in their best interests to distribute credit cards to those with less than stellar credit ratings. Credit card debt is here to stay, and unfortunately few are immune to its seductive lure.
It’s not that the availability of credit cards themselves are immoral or unethical. We are simply much too dependent on them for basic, every day purchases like gas, clothing, or a fast food restaurant. It all adds up to greater debt which if not kept in check, over time this lifestyle could lead to a disastrous bankruptcy scenario.
To keep yourself out of credit card debt, some homework may be necessary. You should learn a bit about credit, how to mange it, and money in general. To get out and stay out of debt, creating a budget is an imperative. Write out a list of your fixed...
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