You will find plenty of individuals, professional and novices alike discussing the negatives of credit cards and loan. How about the positives of proper usage of these tools? Not all debt is created equal.
Let’s be realistic here, improper use of credit can hunt you for years so being smart about how you use credit is crucial. However no matter how many negatives you can come up with, there are plenty of good things about debt that if used properly can benefit you greatly. It all comes down to usage and discipline.
If you are an impulse buyer and always buys the newer gadget, dress, shoes or fill in the blank, on the market on credit and have no real plan to pay it off than you will always see credit as a bad experience. Compounding interested will convert that $500 shopping spree into thousands of dollars if the minimum is paid on a monthly basis. Become a smarter user of credit and you can enjoy some perks that otherwise would cost you outrageous amount of money.
Here are some tips that we’ve used that benefited us greatly and not the credit card companies.