According to a survey done by Synovate, rich people in KL are willing to spend their money buying phone and TV. From this survey, the people can conclude that the buying habit is instilled deep inside their mind where the performance of the economic will not affect their buying habit. Besides phone and TV, we have YES (Year End Sales) annually. We can see that the people are buying the products as if the products are free of charge. When you can afford to buy the products without worrying your financial, I would like to congratulate you. . However, some of us are not in this situation. Yet, we can spend like rich people. This is because we just spend with our magic card – credit card.
Credit card has become an essential item to most of the people nowadays. Most of the people have a lot of credit cards. Even though each credit card is charged RM 50 annually, yet many of us still have more than one card. Why are we going for credit card? Credit card provides the advantage that we do not have to bring a lot of cash with us. We can hear of robbery cases everyday. It does frighten us when we have a lot of cash with us.
Although credit card does provide us a lot of benefits, it still brings harm to us. When we spend without seeing the cash, we do not feel the pain. Therefore, we just use the card to buy or to pay. Somehow, it triggers our impulsive buying. Wanted things has become necessary. At the end, when we receive credit card statement, then only we start to feel worry and regret. That is the reason why a lot of people turn to AKPK nowadays. In my last post, I have shared with you guys the statistic from Insolvency Department. It has reviewed that 50% of the credit card holders who had been declared bankruptcy were those below 30 years old. This has shown how evil the credit card is.
Credit card offers pros and cons to us. It depends on us how to utilize it. Therefore, as a smart consumer, we should use our magic card smartly. J
