Credit Cards are awesome but it is only awesome when you can control the urge to overspend on your Expenses. I am a living example that when you have a Credit Card you tend to spend a little bit extra and even though that is for my case there are people who just buy up things without need just because they have a Credit Card.
This type of compulsive spending is something that someday may lead towards Financial Doom as even though I know Credit Cards are beneficial but I also know that it is definitely a double edged Sword and if you are not careful with it then your Credit Card may lead you towards DOOM.
The reason I feel like it is important to talk about us because just a couple weeks back I saw a man with a Credit Card Debt of around 400000 INR which I know may not be a lot for a lot of guys but this was a Farmer who had 14 Credit Cards and had no clue as to how they worked and what he had to pay back. So yeah things like this can happen so it is important to make sure you are using your Credit Card wisely.
