I remember getting my first credit card. It seemed like a rite of passage and as a young man, I suddenly felt like a real grown-up. I rarely used my Visa at the time but it was always a comfort to know it was there if I ever needed it. My personal income was decent and I had no debts and a very inexpensive lifestyle, so I felt no need to use my credit card at all. My credit card was a blessing back then but fast-forward 20 years and the story changes. I am not going to moan about it but my life seems so much more financially demanding these days. And I have found much to my despair that a credit card can also become a burden if used with abandon. With that out of the way, I have to confess: I am still a fan of credit cards. They have made my life easier in many ways. Like most credit card users, I am paying a lot in interest every month and I carry a pretty large debt. But, I refuse to complain about it. I chip away at the balance every month and sometimes due to seasonal slow-downs at work, I tend to lean on my plastic a little more than usual. So be it. It is my choice to carry debt and I am at peace with it. Credit is only a tool. It is neither good nor bad. Much like alcohol, used in moderation, it can be a pleasant addition to your lifestyle. Or... You can go on a Spender-Bender and pave the road to your own destruction. It's up to you. Just take responsibility for your own actions, recognize that you will have to be strong to resist the temptation to over-spend and... If you find yourself in debt DON'T FREAK OUT! There is always a way out, but you have to have a cool head to sort it out. Set the intention to eliminate that debt and get to it. It may be slow going but you can do it. Chip away at it. Don't fret. Focus on your goal. Enjoy your life today (not ALL the fun stuff costs money!) And always remember... The Credit Card Companies are more than happy to wait for their money!
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