People often use credit for even the smallest purchases. A simple swipe of a card is undoubtedly convenient. But an unwillingness to exercise self-control, when it comes to money, can rob you of financial security. An impulsive attitude toward buying significantly affects other areas of your life and can lead to a breakdown in relationships.
Self-control is important when it comes to credit, it’s not moral or spiritual; it’s practical. Credit card interest rates are high, making your purchases more expensive, if you don’t pay your bill in full each month. Borrowing at high interest will lead to long-term debt if not managed carefully. If you’re uncertain about prompt repayment, avoid these options:
• Payday loans.
• Buy Now Pay Later schemes.
• Credit cards.
Exercising restraint can be difficult and boring. Yet, it offers many rewards and advantages. Try to save ahead of time or consider a 0% interest choice if necessary. 💰
Debt Centre Greenwich 