Could You Survive Without Your Credit Card?
As credit card debt in the UK shows no immediate signs of falling have you ever considered if you could live without your credit card? Do you REALLY need multiple cards?
If you add up the amount of money which you spend on your credit card per month and compare this to you income things may not look too bad, but then add in your cash purchase, other outgoings and direct debits - does it look a little different now?
A credit card can be a very powerful tool and one which can cause havoc if left in the wrong hands or available at an unfortunate moment. The thrill of buying a gift we have always wanted or going for a special meal with a loved one can often over power the underlying fear that we are over spending. See if you can live a month on cash purchases alone and you might find out what it is all about.
Sometimes the fact that money is not available every time we 'think' we need it can literally save thousands of pounds a year. Finance in the UK has historically been too readily available with credit card companies looking to tie you in for years. Try and live without it for a month of two and you will see a difference to your outgoings and your long term financial wellbeing!
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