Credit Cards Are Not For Everyone

Avoid credit cards if you cannot control your spending habits

I have a friend that I was talking to me the other day and the subject of credit cards came up. This person told me point blank that it was best that they did not have a credit card. My friend told me that they knew about the benefits of credit cards but they were unable to pay off a credit card and that it was best for them to avoid them like the plague.

I can understand my friend’s position on credit cards. The whole reason for this website is to try and educate people on the advantages of using a credit card to make additional money. However, I have to accept that credit cards are not for everyone.

Some People Cannot Control Their Credit Card Bills

Some people just cannot control their spending habits and will let a credit card balance get out control and handicap them even more financially. That has never been a problem that I had to struggle with but I realize that there are some people that struggle with paying off credit cards.

Another thing my friend told me is that they do not associate a charge on a credit card as real money. Somehow they disassociate themselves from the fact that the charge they just made will have consequences of being paid at a later date. For this reason my friend and many others like to deal with cash and cash only. If it works for them, I cannot argue with that at all. However, they are missing out on free money. The money made buy using a credit card adds up quick and spends the same as cash. In fact you can turn it into cash merely by cashing the check or by applying it to your monthly credit card balance.

If you Cannot Use Credit Cards Responsibly Then Use Cash

Regardless if using credit cards to make extra money is a great way to put extra money in your pocket, if you cannot control your spending habits and have a habit of building up large credit card bills, I would suggest to you to stay away from using credit cards. Do not use them at all. If credit cards are something that will be a hindrance to you later on down the road, avoid them completely and use cash for everything you pay for in the future.