Global Financial Catastrophe is being faced by today’s global public, corporate, private & domestic sectors is, contributed grossly among others by the appreciation of debt based economy. Happy to receive loan, but sorrow to settle it, which eventually ruins the progress & prosperity in any sectors of socio-eco-humanity.
Among the disastrous phenomena in the socio-eco life is the unwise credit card habit, which compels particularly many public, corporate & domestic sectors to accept bankruptcy, family destruction, socio-cultural disharmony & psychological curse, while threaten to the progress & happiness in notable sectors of humanity.
To rescue the eco-humanity from being threatened by the unwise credit card habit, the following 10 TIPS may be welcomed:
(i) Increase the use of Cash habit.
(ii) Appreciate Debit card as an alternative Comfort step to Cash carry.
(iii) Leave the Credit Card at home & use the Cash or Debit Card instead.
(iv) Notify the Bank to minimize the Credit Limit to manageable one.
(v) Close all Credit Cards except One for Necessary use.
(vi) Spend what is within the rational Capacity.
(vii) Use the Credit Card just for Need & Necessity, but not for Luxury.
(viii) No appreciation of Supplement Card.
(ix) Regular settlement with no outstanding.
(x) Stop using the Card till the settlement of outstanding.
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