R2 FINANCE

The world you live in is determined by the amount of credit you have, good or bad, and whether or not you have the financial ways and means to survive in this world of economic uncertainty, global warming, and global recession.  So does that mean you should turn to credit cards?  On the contrary if you are really serious you will find that credit cards and your finances do not go hand in hand.

Gone are the days when what you earned is what you spent. Nowadays everything can be ‘booked up’.  You can now purchase goods on lay-by or lay-away or hire purchase or you can purchase clothing and goods from a reputable company as long as you have an account with them, with the promise from you that you will pay your account every month.  In all of this you find that credit cards work the same way except it gives you access to cash, and you can purchase online also.  And as far as online purchasing goes, a credit card is the only way you are able to buy, or in some cases sign up for online businesses which require a credit card to pay the one-time membership fees.

Unfortunately though, the way of the world is now bound up in credit cards. In fact nearly every person around the globe has some form of access to a credit card, whether it is a credit card with a limit attached to it, or a debit credit card where you control how much money you spend.  Credit cards may be given as the answer to financial freedom, but in fact they are the very thing that will bring about more debt.

Mind you, the beauty of credit cards is the fact that you can purchase goods and services without having ready cash as long as you have not exceeded your limit. They are also handy when birthdays, weddings, holidays or Christmas comes around.  A credit card makes you feel in control at that moment, that is until the bill arrives and then you see just how much your spending has really cost, because now you can see the interest charges added to your account.

So, credit cards may seem a good option to take, and since the majority of companies, businesses and organizations give access to credit cards, it seems only viable that a credit card would be of great benefit towards your financial freedom. But again, if you really want financial freedom, then you really would not want to have access to the very thing that can put you far deeper into debt than you could possibly imagine, regardless of the fact that you have almost instant access to goods and services. Therefore, break the mould, don’t follow the rest of the flock, instead be the one who can survive without being dependent on a small plastic card for the necessities of life.