Why to register a credit card when the money ran out, - a bad idea

If you constantly do not have enough money for essentials, bank loan will make the situation even worse.

Credit card - a great tool if you use it correctly. Like the other types of loans, it is not dangerous, but if you are responsible, disciplined people. And your income at the same time make it possible to repay the debt, without waiting when they start to charge interest on it.

If your vocabulary is present, the phrase "out of money" and especially if it pops up regularly, the credit card is not for you.

Money will become even less

Paying with a credit card, you are spending someone else's money. they have to returnAt worst percent.

If you often find yourself in a situation where you run out of money, then your earnings do not match the costs. Credit card creates the illusion of increasing revenue, and it does not improve your financial discipline. Moreover, the thoughtless use of the loan can be dangerous.

Let's say you get 25 thousand rubles a month, and spend their entirety. This is only enough for necessities. This month you have spent an additional 5000 to the credit card. So next month you will be able to spend only already 20 thousand, and the rest will go to debt repayment. But this sum is over even faster. And at the end of the month you will encounter a more prolonged period of lack of money. Usually this leads to a new duty.

Often, things are moving, and in such a scenario: a person spends money from a credit card, and then can not get them back entirely. As a result, the interest-free period ends and the debt begin to accrue interest. The borrower makes monthly required amount, the bank has not started to use it to further sanctions, but to repay the loan he was not able to because of the increased financial burden.

As a result, it does not decrease the debt and the credit card holder lives much worseAs part of his small salary gives the bank.

A credit card can be paid not all

Technically, you can use the money as it pleases with a credit card. But the big mistake is to shoot with her cash or transfer funds to a debit card, for example, for rent.

Typically, for such operation banks take a commission. For example, Sberbank is 3% of the amount, but not less than 390 rubles. For a man who did not have the necessary funds for this much money. They can at the very least eat a few days, if the cook at home from inexpensive products.

Moreover, in such cases there is no interest-free period - the interest will begin to accrue on the following day. Which again will lead to the fact that money will be less due to the increasing debt load.

Credit card is not necessary to pay for everyday needs

Here are some nuances. For example, if you pay by credit card until the balance of the debit card and earn interest and to repay the debt at the end of the month, it is a working arrangement to let small, but increase revenue.

But we are talking about completely different situation when you do not have enough money. If you buy everyday goods using credit cards, gradually the balance between its own funds and bank spent shifts. After some time, you can easily find what you are eating and driving to work in debt.

Emerge from this slough without major changes is very difficult, because a large part of your earnings will go to debt repayment. You can hardly notice the changes: spend roughly the same amount. Just before you disposed of a salary in its sole discretion. But now a significant part of it should be attributed to the bank, otherwise sanctions will follow, and the door knocks collector.

When a credit card you can still use

Layfhaker detail I wroteHow to use a credit card currently in the plus. In short:

1. You have to have confidence that you will be able to repay debt in the interest-free period.
2. The repayment of the loan should go conditionally extra money - the ones you would have postponed or spent on entertainment. If it will have less to eat or indulge in other essential things, the credit card is not for you - too great a risk that you can not handle.
3. Credit card - a tool in the event of force majeure, and not for everyday use.
4. Any loans should be taken only for those who understands the structure of its income and expenditure, is able to plan the budget and a timetable for repayment of the loan faster than the banking specialist. At the root of most problems with loans worth financial illiteracy.