When And When Not To Use Credit Cards

Picture of pocket with Used Credit Cards

There’s often a feeling that if you use credit cards to pay for something it’s not best financial planning. You’re using debt. People always tell you how high the interest rates are on credit cards and you hear stories of how people get into real financial difficulty by building up too much debt on credit cards.

If used the wrong way, credit cards can certainly get you into financial trouble. At the end of the day, it’s the credit card company who make the purchase but they are expecting you to pay them back and will inflict financial pain on you if you don’t.

But there are many benefits to using credit cards and actually I think as long as you understand them and control them they can be an excellent part of your financial planning.

So when should you use credit cards and when shouldn’t you use them?

First the bad…..

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