a lot of consumers [who] treat their cards as if they have free money
Indianapolis, IN (PRWEB) April 22, 2017
Bad financial habits seems to plague a lot of consumers and this is why an article by National Debt Relief published April 17, 2017 is so timely. The article aptly titled “8 Bad Habits You Can Change For Financial Literacy Month” guides people to understand some of their bad habits that directly affects their finances in hopes of helping them turn it around especially this financial literacy month.
The article starts out by pointing out how the financial literacy month is a perfect time for consumers to look at how they manage their funds and make some changes that would benefit their finances. The idea is to be on the right track towards financial health and bring them closer to their goals.
The article explains that one of the most common problems consumers have is spending more money than what they can earn. When this happens, people start paying only the minimum amount or worse, miss payments all together. This is most apparent with credit cards and how people misuse it.
Another thing people can do is to start treating their credit cards with more respect. The article explains that there are a lot of consumers who treat their cards as if they have free money. Where in reality, it is a lot more similar to a short-term loan that lenders extend to card holders. Being as such, it is subject to repayment and fees whenever applicable.
The article also shares that one of the financial changes people can take on this financial literacy month is to not ignore their bills or monthly statements. There are a number of reasons why people would do this. From fear of seeing how much debt has piled up to arrogance of thinking they already know what is inside. It is better to take a look at monthly statements and dispose of them properly to avoid any chance of identity theft.
To read the full article, click https://www.nationaldebtrelief.com/bad-habits-financial-literacy-month/