Ficonomical Blog

Credit cards have dramatically changed the way people spend money. Swish, swash swipe and go that’s what they tell us to do but don’t forget that credit cards are the leading cause of debt in USA. But if you use your card wisely you can enjoy its benefits without suffering from debts. Rule one is never to use card to buy that you cannot afford. Living beyond your means leads to debt. Second rule is not to use card for daily expense like food, gas or clothes etc as it’s difficult to pay for what has been used up already. For such expenses stick to cash or debit card.