Holiday Home Insurance and Second Home Insurance

Protecting your holiday home either overseas or in the UK is a vital way to protect your investment. Choosing a UK insurance product means that you will have peace of mind, when it comes to having to make a claim.Selecting the "get a quote" button will direct you to Intasure.

5 Signs You’re Addicted to Credit Cards

Everyone loves using their credit cards. Between the convenience that carrying a plastic card and the rewards we are all so busy accumulating, shopping with a credit card is a very conveniently good experience.

But what if you find the experience all too convenient? At what point does loving your credit card cross over into being an addiction? Assess yourself using the five warning signs summarized below and then get to work on breaking the habit by finding the right payment solution.

You Hide the Bills

If you are spending so much on your credit cards that you feel the need to hide the bills from your partner or family members, this is a surefire sign that your spending has gotten way out of control. If you are constantly covering up how much you are charging or secretly piling up credit card debt, it is now time to take a hard look at your money habits and make some changes for a better future.

Constantly Maxing Out Your Cards

Sometimes a serious emergency situation pops up and we don’t have the cash to cover the payment, if your credit card is maxed out for this reason, you don’t necessarily have a spending problem. However, if your card is maxed out because your spending habit has been significantly exceeding your income, you may be addicted to your credit cards. Be honest with yourself about why your cards are maxed out, and if you can’t explain where the money went, it is time to look into this.

Panicking When You Can’t Use Your Card

Most people are overly reliant on credit and often get uncomfortable with the idea of being in situations where they can’t use their credit cards, but true addicts get downright panicky. This is simply because they are so short on cash that credit is their only way they can afford to make payment. If this sounds like a familiar feeling, you may be truly addicted to paying with your credit cards.

You Keeping Applying for New Cards

Most people who a max out their credit card take it as a sign that they need to be more careful about how they spend, but credit card addicts simply open more card accounts when they charge their old ones to their limits. If you find yourself constantly opening new card accounts without paying off your old ones, you should take this as a sign that your finances are in major trouble.

You Don’t Know How to Pay All Your Bills

Eventually, a credit card addiction will catch up with you financially, and this is the point when the truly troubled consider turning to expensive or even dangerous options for getting their hands on more cash. If you are so maxed out that you have considered taking out a loan or a cash advance, it is time to take drastic steps to deal with your spending issue.

What’s to do Next?

If you think you might be addicted to your credit cards, start dealing with the problem with the tips below:

Admit to your family and friends that you are dealing with an overspending problem and ask for their help and support to keep you on track. Not only will you feel less burdened, you will also be creating a built-in support system of family and friends.

If you really can’t control your overspending, consider consulting a non-profit credit counselor in your area. These professional counselors will help you sort out your finances and provide you with a few options for dealing with your debt.

Start by stopping the use of your credit cards immediately. Use alternative payment methods such as Visa prepaid cards as your primary payment method. Prepaid visa cards are accepted at the exact same places traditional credit or debit card are accepted. Prepaid Visa card allows you to make purchases in-store, online or at ATM machines. However, prepaid cards will only allow you to spend what was pre-loaded on the card account as it is not linked to any line of credit this means no over-drafting will ever be allowed. This makes prepaid Visa cards the perfect tool for those who are in debt and want to start nurturing their sense of responsible spending. If you are a student, checking out the best travel credit card for students is a good idea.

Cut your credit card immediately and visit and get yourself a prepaid Visa card now! Do not allow your debt to snowball and start fixing the damage today.

Related Posts

  • No Related Post