Ideas That Will Make You Wealthier Than Your Banker
3. Use Your Credit Card Well
There is a general idea that credit cards provide you the unlimited opportunity of spending money which you can pay back later within your comfort zone. This is where most people go wrong and put themselves into trouble.
Credit cards have certain off-screen charges which constitute the third largest source of earning revenues for these financial firms. More the usage of the credit cards, greater will be the extra money you will end up paying.
Moreover frequent usage of credit cards is not considered a healthy habit. Credit cards often direct towards piling up your unwanted expenditure. Studies has also proved that more usage of credit cards leads in converting most people into impulsive buyers thus making them spend on unwanted things.
By using you credit card rarely you will systematically lower you both surplus expenses and burden of the heavy charges which will further make you financially more stable.
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