For Evaluate It by SQM Inspectors - Evaluate Facebook Evaluate Twitter

Keeping a Balance - Moving from Credit to Cash Featured

Rate this item
(0 votes)

As the holidays roll around, more and more people will be swiping their plastic credit cards to purchase gifts for everyone on their list. After working in the retail industry for a number of years, I often noticed an increase in the amount of people who would use credit cards during the holiday season. I mean, I totally understand circumstances where you may need your credit card to buy the necessities that you cannot immediately afford, like food, but it also provides a false sense of wealth in those who depend on it more than they should. Unlike the physical cash that you have in your wallet, credit from the bank is not tangible. The card in which the credit is kept may be tangible, but the “money” contained within it is not. Subconsciously, the lack of a physical barrier between us and the “cash” often promotes over-spending of money that we do not actually have. 

As consumers, this reality should prompt us to differentiate between the things that we need, and the things that we want. Unfortunately, credit cards help blur this line by assuring us that we do have the “money” to buy the things that we “want”. The result – thousands of people are plunged into a debt that can be very difficult to get out of. Suddenly, the television that you thought you could afford on credit, is not something that you can pay for in reality. Before making any purchase on credit that is not considered a “need”, make sure you can pay it off as soon as possible! The longer you go without paying it off, or at least paying the minimum, the more interest it will accumulate. Thus, it will be harder for you to pay down overtime. Failing to make payments will also affect your overall credit score, making it difficult to get a loan in the future.

The key to maintaining a good balance between your credit and cash expenditures is knowing the difference between a want, and a need. Ask yourself, based on your income, what can you afford strictly on cash? If your bill's take up most of your income, don't make outrageous purchases on credit. Since most of your cash will be tied up in bills, there will be none left to pay down the credit. Strike a good balance between the two so you don't loose everything to money that technically “doesn't exist”.

Read 203985 times Last modified on Monday, 09 December 2013 22:10
Monday, 09 December 2013 22:00

11705 comments

  • Comment Link Fsbxspabe Monday, 18 January 2021 17:34 Fsbxspabe

    order viagra australia ingredients for viagra generic viagra mastercard [url=http://genericrxxx.com/]best price viagra 100mg[/url] ’

  • Comment Link Nlbxprump Monday, 18 January 2021 17:10 Nlbxprump

    cialis 100 mg usa buy cialis australia cialis legal online [url=http://cialijomen.com/]buy cialis in canada[/url] ’

  • Comment Link Jbdcspabe Monday, 18 January 2021 13:13 Jbdcspabe

    viagra australia mastercard walmart pharmacy viagra viagra 100mg pills [url=http://llviabest.com/]viagrafreesamples[/url] ’

  • Comment Link AudideSig Monday, 18 January 2021 12:21 AudideSig

    viagra price in madurai
    tadalafil online prescription
    cialis 40 mg Pledy tat

  • Comment Link Fbdhprump Monday, 18 January 2021 11:40 Fbdhprump

    cialis from usa cialis on line new zealand by cialis tablets in frankfurt pharmacy [url=http://21cialismen.com/]cialis using paypal[/url] ’

  • Comment Link KlioMype Sunday, 17 January 2021 22:48 KlioMype

    viagra without rx viagra overnight mastercard canada canadian buying viagra in toronto viagracialisevit viagra coupon code viagra witout prescription buy generic viagra reviews viagra no prescription fast shipping viagra without prescription in australia viagra for sale paypal buying generic viagra online before and after viagra viagra without prescriptions viagra super force 100mg 60mg pills viagra montreal online

  • Comment Link KlioMype Sunday, 17 January 2021 20:36 KlioMype

    viagra canadian pharmacy buy viagra online buy viagra in canada india very cheapest price on viagra. buy viagra thailand on line viagra questionarre viagra online sales australia viagra for premature ejaculation quick ship viagra paypal viagra in canada buying viagra in las vegas buying viagra by paypal viagra made in india best prices for viagra 800mg viagra gold

  • Comment Link Nlbxprump Sunday, 17 January 2021 20:22 Nlbxprump

    viagra uk over the counter overnight delivery for viagra natural source of viagra reliable cheap viagra viagra free trial coupon generic viagra online mastercard viagra 100mg compare generic viagra prices viagra patent expiration date flavor viagra buy viagra usa viagra over the counter viagra australia substitute for viagra buy viagra online overnight delivery

  • Comment Link dapsone 1000caps tablet Sunday, 17 January 2021 18:55 dapsone 1000caps tablet

    periactin online pharmacy periactin coupon order periactin 4mg

  • Comment Link JvcxPaype Sunday, 17 January 2021 13:01 JvcxPaype

    viagra on line buy viagra without a script where can i purchase viagra online when does the viagra patent expire viagra online no prescription overnight delivery viagra and paypal uk no prescription how much does a viagra prescription cost generic viagra soft tabs illegal viagra over the counter viagra washington state where to get viagra in melbourne viagra online au viagra sale online near south bend viagra overnight mastercard canada canadian where i can buy viagra in australia

Leave a Reply