“Debt is emptying your future to fill your present.”
- Ron Blue
Maybe you’ve received one in the mail with your name on it. It’s made out of plastic. It’s millimeters thin. It has an attractive logo on the front. It hardly weighs a thing, but if you’re not careful with it, it will be like a monster.
It’s a credit card. It comes with a message: “BUY NOW!” it doesn’t want you to think very long about whether you have enough money to pay the bill.
No, not all credit cards are dangerous. When they’re in the hands of a responsible spender, they can be used effectively. But when they’re used irresponsibly, they can do a lot of damage.
If you get one in the mail, or if you’re tempted to sign up for one, it’s a good time to have a talk with your parents about debt and about owing money that you can’t repay. It’s time to talk about alternatives like debit cards (cards used for purchasing that have specified limits backed up with the same amount of money in your bank account).
If you’re going to use a credit card, use it wisely; don’t let it use you.