The complete mess

This is the stage when one doesn’t understand the term financial management at all. You messed it all up by not paying the minimum amount due on your credit card almost every time. It’s a time when every customer care executive of the bank knows you by your name and are in constant touch with you wanting you to repay back the debt. And finally you end up paying heavy amount with huge interest and late payment charges added to it. This kind of person should use a debit card instead of a credit card so that they don’t end up spending beyond their means.