CREDIT CARDS: BAD OR GOOD?

Have you ever seen the movie “shopaholic” based on Sophie Kinsella's novel? Well the movie began with a image of a little lady with her mum that are going to buy a pair of shoes (that litle woman hates and hoped to have a aparkly pair as the other little ladies) then walking in front other shops she see a lot of adut woman pay without cash but with a little card...and when the little girl grew up she has 12 credit card … and a lot of debts...


Well first question credit card is a good or bad thing? Honestly depends from your spending habits, but if you don't put a ttention on expenses you can overspend in a second...discovering that you spent too much when the card is refused and when you reeive your balance account with list od detailed expenses you had.

This is why everyone would must to choose the right credit card, a friend of mine choose to use a debit card and not a credit card so she andher husband don't have to pay monthly interests because if you have a budget to respect is easy to overspend also for things that you'll never use.

When we read magazine or in tv there are programs that talk about celebrity lifes, usually in th epicture most of them don't have a wallent in their hands-usually celebrities have a starbucks drink-
so is almost sure that they aays everything with credit card, but they earn a lot of money more than average people, for example in last number Cosmoplitan UK version there was last Credit card expenses by Vanessa hudgens: a clutch bag(Yves Saint LAurent” £ 1025,book £6,20 ,music £10,99, Treats (chocolate & wine)£ 15= £1,057,19 -that is a lot more of an average monthly salary- Also if we would like to have their financial possibilities, we need to buy into our real price range (for example also if I loved a bag Chanel I'd never spend so much money but I like to find similar items but really low cost)...

How to know which is best credit card choiche for you? Talk with your bank and ask explaination for every kind of card (debt card, revolving, normal credit card, platinum offer, prepay), in my case I choose to have a prepay card, that as a maximum amount (€5000) that is possible to deposit on it, every action with this card cost €2,50 in European countries and €3,50 in the rest of the world, plus it hasn't monthly cost and i know exactly every time the amount is available on it, and if you try to overspend card is refused becaue you can only pay if there is money in the card. I use it most for travel and is good because it is accepted everywhere!

If you already have a big debt to repay, be really focused on repay it as soon as possible, talk with bank so maybe you'll pay higher monthly rates but you'll repay debt really fast (the best deal is reapy the debt in 3 years...ok for a mortage is necessary more time-usually 10-15 years), try to have side hustles with extra works (baby sitting in the week end, home sitter, dog sitter, waitress everything you can do in your week end, ok I know you'll be busy but every week end means money to repay the debt and also saving)...but you must to have a real budget and respect it really strictly.

I'm not saying that credit card is the devil but only that if you are a credit card owner you must to be really carefull on use it!!!



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