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02 July 2008
Credit Card is the most popular form of online payments for consumers. A credit card, such as a visa or a MasterCard, has a spending limit based on the user’s credit history; a user can pay off the entire credit card balance or pay a minimum amount each billing period.
The causes of credit card debt are poor money management, saving too little or not at all, financial illiteracy. The poor money management is a monthly spending plan is essential. Without one you have no idea where your money is going. You may be spending hundreds of dollars unnecessarily each month and end up having to charge purchases on which you should have spent that money. The saving too little or not at all is means it is not to prepare for unexpected expenditures by saving three to six months of living expenses. The financial illiteracy is many people don't understand how money works and grows, how to save and invest correctly, or even why they should balance their checkbook.
The preventions are planning is no more difficult than writing down your expenses and income and reconciling the two. You will be surprised at how powerful you'll feel when you are making thoughtful decisions about where and when to spend your money. It is to avoid unwanted debt, the saving is important and if anything happen, it will not cause immediate financial strain and increase debt. It is better learn to get educated and get in control at the money.
The causes of credit card debt are poor money management, saving too little or not at all, financial illiteracy. The poor money management is a monthly spending plan is essential. Without one you have no idea where your money is going. You may be spending hundreds of dollars unnecessarily each month and end up having to charge purchases on which you should have spent that money. The saving too little or not at all is means it is not to prepare for unexpected expenditures by saving three to six months of living expenses. The financial illiteracy is many people don't understand how money works and grows, how to save and invest correctly, or even why they should balance their checkbook.
The preventions are planning is no more difficult than writing down your expenses and income and reconciling the two. You will be surprised at how powerful you'll feel when you are making thoughtful decisions about where and when to spend your money. It is to avoid unwanted debt, the saving is important and if anything happen, it will not cause immediate financial strain and increase debt. It is better learn to get educated and get in control at the money.
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