Home > Archives > 2009-10-08

2009-10-08

Credit Cards..

2009-10-08 (Thu)
sounds good to be true?

FEM_credit_cards
In good times credit cards are a boon, because it gives us convenience and is safer to carry around compared to cash. It even establishes credit history for us. But during hard times, I think it is impractical to own numerous credit cards. In order to save, it is wise to keep a few considering that we have to pay annual dues to maintain them.
Truth is getting a credit card requires much financial responsibility as well as understanding. Since a credit card allows us to make purchases without outright cash, and makes us pay for them over a certain period of time, is in effect actually a form of borrowing. And we all know that there is always an interest attached to borrowed money.