Don’t Rely on Credit to Make Ends Meet
When costs increase, rather than looking for ways to decrease their expenses, people turn to credit to supplement their income. Limit increases on credit cards, using one credit card to pay another, or depending on a line of credit to make ends meet, are not sustainable money management strategies.
Without a plan to manage the additional expenses, many people face an uncertain financial future. The good news, however, is that with a little preparation and planning, most people are able to avoid financial disaster.