Are you one of the following? If so, you should not possess credit cards. Here are the people and the reasons:
Gamblers: The best thing they can do is to give up gambling. With credit cards in hand, they will pile up debt in no time by credit card advances. They always think that by just one more bet they will be able to recover all the losses in the past
Materialistic: They want to keep up with the Joneses. They have to have the latest in a TV set, cell phone and sound system at home. Unfortunately, there is no way to keep up with the trend, because manufacturers are churning out the latest models almost every day.
Your credit cards have spending limit but there is no limit on what you want in life.
What they need are debit cards or prepaid cards and not credit or charge cards
Shopaholic: They are addicted to shopping. They can’t stop the compulsive nature to just shop and shop. What they need is counseling to get rid of the unhealthy habit and not credit cards.
Young graduates: They have just landed on their first job and they have also acquired their first credit card. They are excited to get their first spending experience on their credit cards. They were told not to worry about overspending because they could just pay the minimum amount. They do not realize that they are building up debt and leading their way to bankruptcy. What they need now are debit cards or prepaid cards to control their spending
If you think you can manage your spending within your budget and you want to pay the full amount promptly every month, go ahead and get yourself a charge card or a credit card.
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