National Debt Relief Lists Down Expenses That Should Never Be On A Credit Card
Philadelphia, PA (PRWEB) September 21, 2015 -- National Debt Relief recently discussed in an article published September 8, 2015 some of the expenses consumers usually rack up that must not be paid for with a credit card. The article titled “7 Expenses You Should Never Pay With Your Credit Card” explains why these expenses should never be paid for with credit and the financial consequences that goes with it if it happens.
The article starts off by pointing out how delicate of a topic credit card is. There are a lot of households whose finances collapsed because of mismanagement with the way they used their card especially during the recent Great Recession. A lot of of households were caught off-guard especially those that left balances on their card statements.
To help consumers use their credit cards wisely, the article pointed out some expenses that should not be paid for with a card starting with the utilities and other bills at home. There are consumers who prefers doing this to get the points from the card but they have the ability to pay the statement in full every month. But it is not wise to use credit cards when the budget is short for the payment. Consumers need to sit down and look over their budget to see how they can meet all their financial obligations without using the card.
There are also some people who prefers to use their card in buying a car whether brand new or second-hand and the articles advises against this financial practice. The reason is that a credit card should never be the first option in paying for an item that quickly loses it value. That car, as soon as it is driven off the dealership is already depreciating but the card is still paying for the original price.
Retail therapy is another situation where credit cards get used. The article advises against making financial decisions when people are on an emotional high. - both positive and negative emotions. High emotional state trumps sound logic and people easily make a big purchase without weighing the repercussions of that decision.
To read the full article, click this link: https://www.nationaldebtrelief.com/7-expenses-you-should-never-pay-with-your-credit-card/
Paul Ritz, National Debt Relief, http://www.nationaldebtrelief.com/, +1 1-877-610-6990, [email protected]
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