subject: Is Life Without Credit Cards Possible? [print this page] Is Life Without Credit Cards Possible? Is Life Without Credit Cards Possible?
I believe that we have too much credit card debt.But it will take quite sometime to get to the stage in most families where credit card debt is reduce Cards make buying things we don't need very easy. This can get a person deeper and deeper in debt than they ever wanted to be. Have we become a society of want instead of what we need? Cards are a life line for emergencies that when you do not have the money at the time, i.e. house repairs or an appliance purchase. What we need to do is make with a monthly budget for items we NEED such as groceries and electricity. Find a way to set aside an amount of money each month for emergencies and then if there is any money left over then buy what you want or think that you need. Think before buying that brand new car that probably costs more than your family makes with payments that put more strain on your budget than it can handle, thus your needs go on a credit card. Smart buying and budgeting can help greatly. Some think that they cannot manage without a credit card but they are wrong.Just try.What we need to do is come up with a monthly budget for things we NEED such as groceries and electricity. Find a way to set aside an amount of money each month for emergencies and then if there is any money left over then buy what you want or think that you need.Think twice before buying that brand new car that probably costs more than your family makes with payments that put more strain on your budget than it can handle, thus your needs go on a credit card. Smart buying and budgeting can help greatly. Most people think that they cannot survive without a credit card but they are wrong.Being in credit card debt can put a real strain on families.Don't expect to get out of debt overnight. It is possible by sticking to a budget, to mangage without the use ofa credit card.Some people unfortunately live on such a tight budget that even a car repair or appliance purchase is out of their reach without a credit card. Cards can be a great help when they are used carefully. People with credit cards tend to forget that and start purchasing things that are not emergencies.Sometimes it is difficult to purchase thing we need unless we use a credit card. If you use your card make sure you quickly redo your budget to take account of the new repayment to pay off your card quickly. It is possible to use a credit card wisely and not get deeper and deeper in debt but it requires patience and determination.
