Hi All,
This time Charlie is going to talk about Credit Cards. Which is available at a much cheaper or free than our daily needs! Isn’t it is true! .Friends money used wisely is better than to loose it foolishly.
Many of our young generation actually does not know how to use a CC. At the start of the courier as in a job, a guy or gal receives a call informing that the bank is issuing him/her with a free credit card. WOW! that is the feeling which comes across. Believe me, its that time when you are paid less or too an extent low & you got that offer which cant resist. "Free Credit Card! Awesome now let me think what I can do Movie, Shopping, romantic date & so on." . Now the catch here is you will not value money unless it is from your pocket. Once a wise man suggested me "Its better to use your Debit Card than your Credit Card" back then I did not realize what he meant. But he was correct. Later after few years I came across many of my friends & colleagues with lot of issue related to debt because of CC.
Few tips while using CC which has to be taken care off.
First: Do not use the entire amount at one go or do not use the card above your salary limit. As it will create a lot of problem in the later stages of your finance.
Second: Any large amount, remember to convert the same to EMI.
Third: Never withdraw cash using CC. Regards,
Charlie