Credit Cards Informative - Advice?
In the last few years, the easily available credit cards and loans in the market have superbly enabled us to increase our purchasing power way beyond what our salaries ever could.
I can now buy just about anything on EMI by availing of these loans and credit cards - be it a car, a house, expensive jewelery or a branded watch that costs almost more than 10 times my salary! What bliss.... and all because of the availability of credit at this age. Its a lifestyle I so enjoy, but one which I know I must curb at some point. I have been telling myself that I should stop spending too much on my card because the bills at the end of the month tend to bother me. This heavily credit-dependent lifestyle makes me feel good and experience things I couldn't otherwise, but it also stresses me out every now and then. I tell myself and I want to stop but I can't seem to! It's almost like an addiction now. It's frustrating every now and then.
Anyway, logic not prevailing, I have been continuing the same lifestyle. I don't think I will ever be able to stop it completely but regulating the habit is something I am looking at now. I have begun to search for some way in which I could possible get some professional guidance on "how much" of this indulgence was ok for me at each point. To what extent could I indulge and still manage to pay my bills and EMIs? To what extent can I afford to live on credit and yet not be stressed about the bills?! How many loans can I take and still manage to pay off the EMI's comfortably every month so that I am not in a situation where I have no money in the last week of every month!?? For how many months of the year can I afford to continue paying the minimum on my credit card?
Would any of you be aware of any such service that I can avail of? Who do I approach for such advice? Would be great if you could write in and advise me people!