How to Keep Yourself Away From Credit Card Debt - Article: 413800 at Isnare.com Free Articles Credit cards are used everywhere all over the world. With the advance of technology they are accepted worldwide and even on the Internet. This means that you can purchase an item from anywhere in the world and pay it with your credit card from the comfort of your home. The downside of the credit card is their limit. These limits vary from bank to bank ghd nz, but the major thing in case of any card is that you get to spend more money than you own. With this over spending the bank grants us credit and you pay this credit back with interests. Many people tend to forget this fact and they behave like they credit is limitless and spend way too much money. The situation is very serious all over the world and it is negatively boosted with the recent economic crisis ghd new zealand. Some studies shows that almost 20 percent of the credit card owners are in some sort of a debt and almost 6 percent of the US population are tending to become shopping addicts. There are many ways to limit yourselves and to improve your shopping habits. First of all you have to stop spending money on unnecessary things. You must try to buy only things that are necessary for your life and nothing more. Also, the majority of people are using more than one credit card and the first step is to cut back on the number of cards that you are using. It is a very wise thing to stop using the credit card with the highest interest and try to repay the debt from that card first. After the repayment of the highest interest card you must take the second card and try to repay it too. If you own more than two cards you must try to repay them one by one. After the repayment of high interest cards you can continue to use the credit cards with low interests but the smartest thing is to rely only on cash. At first this will be very difficult but later you will learn to spend exactly the same amount of money that you earn and nothing more. Of course there will be situations when you will be forced to pay some unexpected expenses and then you must use the credit cards if there is no other ways to handle the problem. The credit card system is a very convenient payment system for everybody. But, this system mostly benefits the banks that are issuing the credit cards because they live prosper from the interests you are paying back. So you have to try to cut back on your expenses and try to minimize the number of credit cards that you are using. A very smart thing to keep you away from credit card debt is to avoid the places that tempt us to shop. These places can be shopping malls, discount outlets and other stores. If you must visit these places you have to go with a shopping plan and be sure to buy just the items you need.