Let’s have credit card discipline to live a debt-free life
To gain power over the credit cards, you need to “pay the full amount and on time”.
This can be easily managed if you have only one or two credit cards. However, if you have the 3rd, 4th, or even 5th card, your expense may exceed income. That is because...
Actually, the above issues are not hard to deal with. You simply need to write down the due date of each credit card. Now, many applications are available to help you manage the financial issues and make your life easier. “Piggipo” application can manage many credit cards within one platform. It combines “income-expense” spreadsheet with the spending summary of all credit cards. This helps you keep track of every incoming and outgoing cent so that you can better plan the future expenditure.
Examples of Piggipo benefits
In case of default, what should you do?
When it comes to credit cards, some of you may not have self-discipline and overly spend. You spontaneously swipe the card to buy whatever you want without checking if you have the outstanding debt. When the due date arrives, you do not have money to repay the debt but do not know how to solve the problem. The first thing you need to do is to calm down and start the debt management plan. If you are determined to eliminate your debt load, there are many solutions:
Which method you choose to solve your debt problem depends on individual necessity and limitation.
If planning how to use the credit cards well, you will tremendously benefit from them. On the contrary, the credit cards can be double-edged sword that destroys the life of those who do not have financial discipline or overly spend.
Now, it is up to you whether you will have credit card discipline and live a happy life or enjoy swiping the credit cards until you are suffered with the overwhelming debt. Which financial life you prefer is totally up to you. Do not forget that the credit cards do not cause you debt but your spending habit does.