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I read a lot of personal finance blogs, and one thing I hear over and over again is ďdonít use credit cardsĒ, "credit cards are evil!" or ďthey are what got you into debt in the first place.Ē I personally donít think this is the case at all. Credit cards arenít this evil entity that manipulates my life, and forces me to overspend. They arenít pushing me into debt any more than a fork is jamming pie into my pie hole, and forcing me to carry around the extra 25lbs I am currently hauling around. Like that fork, a credit card is a tool. Nothing more, nothing less.
What makes credit cards bad is the person that uses them. Yes, you heard that right ladies and gentlemen. I am placing the blame squarely on the person using the card. Think of a credit card as wine. When used in moderation wine actually has some health benefits that can lower your risk of heart disease (not to mention it's tasty!); however, if you drink wine in excess you can get addicted to it. Not only will it pickle your liver, it can destroy relationships with friends and family. Itís the exact same thing for credit cards. If you use and abuse your credit cards, you will head down a dark path of financial destruction. If you use them responsibly, they can provide you with many beneficial perks. What kind of perks you ask?
Credit Card Perks
So what have we learned today?It all comes down to personal responsibility. Credit cards donít ruin your financial life any more than a fork causes you to gain weight, or that glass of wine turning you into a brown bag carrying drunk. However, they do take self control, and this means you will still need a budget, and you absolutely need to stick to that budget. You know that rolling a balance, or charging more than you can pay off at the end of the month is where the debt snowball starts, and should be avoided at all costs.
I will admit some people with certain personality traits should avoid credit cards. If you know you cannot be responsible when using your credit cards, then please don't take the risk. This is where I finally agree with what Dave Ramsey said; ďcut them up, throw them away, and get a debit card, or use cash."
Have a different opinion, or just want to brag about all the perks you get with your credit cards? Feel free to let us and others know in the comment section below.
Thanks for reading my ramblings.
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