To have or not to have ?

The eternal controversial debate – To have or not to have a credit card ?

Here’s my take

• Cards are bad – they make it easier for you to spend above your income.
• They charge you abnormal interest rate and a slew of other charges, they are only waiting for you to make a mistake (like missing a payment).
• Sometimes you get charged for transaction you did not do – by mistake and have to go through a lot of effort to get it reversed.
• It takes inhuman effort to resist the temptation to buy everyday in your life. There is an entire marketing world out there to get your money. Someday you are going to yield to that temptation to buy something you don’t need and will buy it. Credit cards help to make that purchase easier.

So the eternal question – is it worth it ? Let me know in your comments!

Filed under: personal finance, credit card, money, overspending, personal finance, saving, temptation