credit card management is [such] an important skill to learn
Phoenix, AZ (PRWEB) November 22, 2014
Debt Consolidation USA recently shared in an article how men seems to have a better grip on credit card management compared to women. The article titled “Study Shows That Men Are Better Than Women At Credit Card Management” points out some key comparison between men and women when it comes to credit card habits.
The article start off that credit card management is such an important skill to learn. It is something that does not come to a person overnight. What makes it more crucial to learn is that credit cards are a bit tough to live without. Most consumers depend on it to be able to balance the budget but it has very high interest rates that can quickly balloon debts into an amount that consumers cannot afford.
One reason for this is that some people blindly use credit cards because we it gave them a sense of spending prowess that they could never get from other modes of payment. Cash and even debit cards cannot give the same flexibility of a credit card. But with this spending, the article points out that men seems to have a better sense of credit card management.
The article shares that a survey puts more men paying off their credit card balance in full every month more than women.This is one of the costly mistakes of consumers when making purchases using their credit card. It is buying more than what they can pay in full every month.This is because normally, fees and other charges start adding up on balances left each month.
This could also be the reason why there are less men who sees credit card as a financial concern - because more of them pay their cards in full every month. Credit cards become more of a financial concern when balances are left unpaid and they start accumulating month on month. To read the article, click this link: http://www.debtconsolidationusa.com/creditcarddebt/study-shows-men-better-women-credit-card-management.html