Can the credit card really be a villain or can it be used as a tool to help us? I made a brief post about it, but please read the other topics first. #threadstorm #hivebr
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Can the credit card really be a villain or can it be used as a tool to help us? I made a brief post about it, but please read the other topics first. #threadstorm #hivebr
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If you have no control over your spending or prefer to simply indulge your desires, I'm sorry to say that the credit card can be terrible for your financial health.
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Using the credit card as an extension of yourself is a mistake that many make. However, it can also be an ally if used wisely.
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Some cards offer cashback and miles programs that you accumulate with your purchases. But the point I brought up in this post is about using the card in contrast to inflation.
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This is a flexibility that the credit card can bring, using the almost inevitable inflation to pay less for a product. Find more details in the post: [link] (https://leofinance.io/posts/michupa/credit-card-inflations-friend-enpt)
It can be a beneficial tool if you have the discipline to use it accordingly. We use it and pay it off every month so that we get points and cash back etc. but we don't pay any interest and earn money at the end of the day on it.