Pay the minimum of a credit card can condemn you to years and years of debt with the bank according to economists. Nowhere in the world is there a subject called financial education, although in this day and age it would be essential to take it into account. We have reached a point where we pay a lot and have little. Therefore, something must be happening so that we do not have that money in the bank that our parents or grandparents had, we are doing something wrong, perhaps starting with that credit card that we do not control.
Banks do not hesitate to place credit cards among their customers. They are a safe bet to multiply your profits. Especially when we discover that for every euro we have in front of us, we can get much more. Paying by card, with money that we do not have in the bank at the moment, can get us out of a big impasse or cause other problems that we may not have expected. Without a doubt, we must face a series of key situations and that we may not have taken into account until now. This is what economists say.
The severe warning issued by economists
Economic experts know very well what we are doing wrong so that the bills do not end up coming out. Without a doubt, we are facing a situation that could be essential to be able to undertake a series of changes that will make an important difference.
That moment will have arrived when we will have before us a series of financial problems or reflections that will make us think about the future. Not having savings and contracting an increasingly large debt is something that we must begin to take into account and that perhaps we had not been able to do until now.
Without a doubt, you have to balance your accounts and see what you spend more or less so that everything fits perfectly. Behind the credit cards there are a series of details that we may not be aware of and on social networks they are in charge of telling us what is happening with these numbers that perhaps do not add up as they should.
This explanation can make us think about the debts we have with credit cards that we may not know exist and that are essential to get what we want.
You should never pay the minimum on a credit card
HAS it’s time to pay a debtIf you opt for the minimum amount, in the end you will never end up paying the debt, quite the opposite. You will have to deal with money that will eventually increase, depending on the amount you have outstanding, you should consider paying it as soon as possible.
They always ask us or offer us to split our payments. This is not something positive for us, unless the interest is 0. In this case, we will be able to pay for the objects we want to have in our daily life investing as little as possible per month, but with some surprises that perhaps we should know.
That time will come when we will have to start thinking about how to get rid of debt. We do not need to generate more debt. If not, the ideal is to make them disappear completely. In the best possible way, we will end up with this money that we owe and that multiplies thanks to the interests.
The best thing you can do is pay more and pay off debt sooner. Don’t think about accumulating more debt, but rather do the opposite. Paying off all your debt will allow you to save more and achieve your goals, like making more money doing what you want.
You have to control the money. Start by seeing what the banks charge you for your cards, credits or debts that you have, in this way you will be able to put into practice some elements that perhaps you had not considered and they will end up being a reality in every sense of the word.
At the end, these viral messages on social networks They aim to give us expert advice so that our money ends up costing us less than expected. We will be able to save and pay less interest, money that ends up disappearing completely and that we could perhaps have in our possession. It is enough to meet certain requirements of our daily life.
Basically, we have the ability to get what we want by considering what we spend and what we can actually save. In these seemingly invisible expenses, we invest a significant amount of money that we may not have considered until now. Now that you know how these credit cards work, they don’t make your life easier, quite the opposite.
