FMOOD 0011: Using Credit to Make Ends Meet (Credit Is Not Cash) - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2016-12-27T07:00
Have you found yourself on more than one occasion using credit cards to pay for things that you used to pay for with cash? There's a harsh reality for a lot of folks out there who are making ends meet by relying on credit cards. This includes making purchases usually paid for with cash by using credit, such as groceries, clothing, and gas for vehicles. Sometimes we may even find ourselves paying some utility bills using credit!
It's obvious that credit cards are designed to feel like a convenience for us. The reason for this is so we get into the habit of using credit instead of cash, especially when credit is so readily accessible. We get into the mindset that we can simply use our credit cards now, and we'll pay them back later. (Right?)
The problem with this is that later gets pushed further and further away. We end up forming a dangerous habit of relying more on credit cards than we do with cash. The simple truth is, if we form a habit of consistently using credit cards, we'll always be in debt. That's not a good thing.
We need to break that habit and mindset and reverse our reliance on credit cards. We need to be mindful of our budget. Can we change things in the budget in order to make it easier for us to use cash and break the longstanding habit of using credit cards to make ends meet?
The answer is yes. Credit is not the same as cash, and the sooner that we realize this, the better off we will be.
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