Credit Card Responsibility
At this point in time, I'd say it's quite useless to discuss advantages and disadvantages of credit cards. With some financial literacy and careful thinking, one can access whether having a credit card is beneficial or not. However, many people still seem to get credit cards as an emergency measure. This is one of the biggest financial mistakes most do. Yes, you can build credit, get discounts, frequent flier km, and banks usually offer you some kinds of perks or gifts on sign up. And yes, you can get easily accessible money you can spend in case some clouds start to form in the horizon. The problem with this line of thinking is that someone who is currently financially stable should not be thinking about credit cards, but rather about building up savings which would, with due preparation, be ready for that sudden car tire change or fridge breakdown. It's undeniable that one who uses a credit card responsibly can take advantage of its advantages; moreover, each person...