29 May - 3 min read
Let me tell you about this one friend I used to have. We used to go everywhere together; movies, shopping, dining and even holidays. I loved being around her; she made me feel complete.
When I was short on cash, she was quick to offer help. Sometimes I refused, but most of the time I gave in. Over the years, my debt accumulated. I couldn’t afford to pay a lot every month, so when I learnt about the minimum amount I could pay to her every month, I was overjoyed. What a true friend she was – my credit card!
But my happiness was short-lived. I started to notice that my debt kept increasing despite the monthly payment. I felt that she was not completely honest with me. So I asked friends who know her best. They confirmed my suspicion; she was hiding things from me. From that moment, I started to look deeper into my relationship with her.
If I were to describe the relationship I had when I first got my credit card, the above description would fit perfectly. I have to admit, I was naive. So take my advice and don’t make the same credit card mistakes as me.
Think about how you use yours. The first word describes it best, it is a CREDIT card. Treat it as one.
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