Spending money is fun. Spending other people’s money (like the banks) also feels like fun.
Having access to credit is really convenient when you need it. Still, when you use credit you tend to focus on the here and now and not the paying it back later.
With fees and charges (and the fact that we are still going to be dealing with all our usual bills and costs tomorrow) it can leave us dealing with paying off debt for a long time – a lot longer than we originally planned or expected. And with credit, that means more fees, and more interest than you may have ever thought.
So, use credit sparingly. Avoid using it at all, if not needed. If you do end up with debt, be speedy about repaying it to avoid the hidden costs. Make a plan and get out of debt.