Another way to fall into the bad debt trap is by using credit cards to pay for things like vacations or food. If you start doing this daily, you’ll notice how quickly these items accumulate, and come the end of the month, you’ll be stunned by how much your bill is. If you do find yourself having to use a credit card for these things, then be sure to have some cash saved up by the time the bill comes so you can pay it off in full.
Fast Facts: Debt
Friday, August 12, 2011