So yeah,how are you all doing...
I want to quickly talk about how we manage our finances/savings
Yeah many of us make use of our debit cards or credit cards to carry out banking transactions to fulfil our needs and expenses...
Having a debit cards or credit cards have their own great benefits that can make us have a better and easier financial life or carry out financial tasks easily..
But it can also lead to overspending if we do not apply discipline to it,when something is easy to access it makes it easy for an abuse to occur,in other words when we have debit cards or credit cards that we can easily use to perform banking transactions whenever we want,it has made some people to start spending even during moments when they ought to or even go against their budget of other financial plans...
For example Mr A planned that in this month of august he wants to save five hundred dollars,Mr A is a kind of person that experiences overspending caused by alot of desires to fulful his wants instead of his needs,now he is doing everything possible to make sure that he does not overspend for this month,then one day he was on the internet and he saw a new suit though expensive but he cares more about his wants and not needs..and Mr A broke his savings plan just to buy the suit,and guess what??since he can easily buy whatever he wants with his debit card,he quickly used it to place an order online....
Now if he had no debit cards/credit cards,that might make him to think twice and prevent the quick decision to buy the suit and break his financial/savings plan...
Now does that mean he should not have debit cards/credit cards??well he can have the card if he can apply discipline to it,debit cards also have their own benefits too but if you are not able to control your spending or discipline yourself then maybe you need to take a break from using those cards that are hurting your financial life instead of helping you...
Thanks for reading...
Credit card need alot of discipline to handle your finance because if you don't have good money management, you will end up using ur money to make unnecessary expenses that you didn't plan for,be wise.thanks for the update.
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