Perhaps you don’t realize that using credit cards can be very addictive. Once you get to the mall bringing your plastic card, you can easily get tempted to use it. It’s an instant access to cash, you would think.
Depending on credit cards to make your purchases is not at all good. In fact, many hard up borrowers can tell you that it is much easier to use it than not to use it. So how can we stop using our cards and get out of credit card addiction? Here’s how.
According to finance experts, you should have a maximum of three credit cards only. So if you have more than this number, better think about asking your card company to consolidate them into one or two cards. This is your first step.
Haggle with your credit card provider for the lowest interest rate possible. Most borrowers cannot pay off their credit card debts because of mounting interests and charges, and you do not want to be like one of them.
Be sure to pay the exact amount on your credit card bills and pay them on time. Carryover principals and charges can accumulate over time. You won’t know how much you can save on these carryovers if you religiously pay your bills.
Most important of all is self-motivation. If you have cash, don’t go out with your cards on your wallet. Make every effort to purchase your stuff for cash. If using your card is the only option left, be sure that the amount you charge with your card is practical.
Getting rid of your credit card addiction is just a matter of attitude. When you deal with it positively, you would realize that it is not an impossible mountain to conquer.