The Bondage Of Credit Card Debt

For some, credit cards can be a blessing, however for most, credit cards lead to bondage. Yes, you can charge them up, pay the monthly payments, fees and interest, however in the end they can get the best of you.

I have a friend that has quite a few credit cards, all with zero balances. He has them for emergency use only, and if he has to use one, he pays it off in full. He can afford to do that. Yet for others, that have credit cards, many times people use them and they can't afford to pay them off and fall into the trap of debt. That debt usually builds and builds, as they continue to charge on their cards until things are drastically out of control.

Be a wise steward with your money. Spend within your means and do not become entrapped to debt.

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