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Credit cards are the modern magic that allows people to buy, fly, eat, and treat without cash. With credit cards, people feel rich, powerful, and happy. For many, however, credit cards are the first step to serious financial problems.
Charge cards or credit cards are an easy way of getting credit - that is, borrowing money. They are very convenient and safe to use. Shoppers get monthly bills for their purchases. If they pay their bills promptly, they avoid paying interest charges. If they pay only part of their bills, high interest charges are added on every month. This, in reality, increases the price of whatever they bought.
Many shoppers have trouble controlling their spending because of the cards. Because they can get all kinds of things just by signing their names, they don't think about the bills that will surely come. They are not efficient money managers. Financial advisers and counselors are in business to help people manage their money wisely. They teach their clients to make a budget. A budget is a written record that helps people see where their money goes, where they can cut down on spending, what they can cut out, and how they can manage better. Most often, however, the first bit of advice is to get rid of all credit cards!
Credit cards can make shopping a pleasure. However, the user must know how to control the cards and not be controlled by the cards.
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