In my previous post I wrote about how credit cards make it much easier for people to spend more than what they earn. Does that mean that credit card is evil?
Well, I’d say that the answer is no. After all, there are many good things you can good out of your credit cards. First, you can shop without carrying a lot of cash. Carrying a lot of cash isn’t just dangerous but also inconvenient, especially if you plan to buy a high-price item. With credit cards, things will be much more convenient for you. Second, there are benefits that you can get from your credit cards. Frequent flyer program is one of them. You can also get discounts at many different merchants. If you happen to use those products or services, using credit cards can actually help you save money. Third, many credit cards offer consumer protection program that protects you from many potential problems regarding the items you buy. In short, credit card itself isn’t evil.
The problem, I’d say, lies in the culture of consumerism and our inability to cope with it. It’s the culture of consumerism that makes you want stuff that you don’t need. It’s the culture of consumerism that makes you want a bigger house, better refrigerator, and so on, while you actually can still use your existing items well.
The culture of consumerism is really ubiquitous these days. Just look all around you and you will see that there are many ads promoting stuff that you don’t need. These ads lure you to want more and consequently spend more.
Ultimately, it’s up to you and me. No amount of ads in the world can lure you into consumerism if you decide to live a frugal life. It’s up to you to discipline yourself when it comes to your wants and desires. Credit cards are good as long as people don’t use them the wrong way. So watch yourself and be careful. Don’t let consumerism traps you.