It’s hard imagining life in today’s world without a credit card. The only thing is, now that I have cancelled my American Express credit card, I’ve lost access to so many things. I don’t think I realized how many of the most basic things in life relied on having a credit card, even to joining my local gym in Philadelphia. It wasn’t that long ago when cash spoke volumes, but not anymore.
We never stop to ask ourselves when using our American Express credit card globally whether or not we need or can afford what we are buying it has become so commonplace. How many people consider the cost of paying later when they have the convenience of having now, when using their American Express credit card. In many places around the world, credit card debts are increasing at a worrying rate. It is true that credit debts are one of the biggest problems that are facing America today, and that is no joke.
This is the primary reason I decided to cancel my American Express credit card recently. Once I had the power to buy things without parting with my money immediately, I was almost unstoppable. Charging everything to my card was stupid because before too long the debts just spiraled out of control. I was in a right state when I finally admitted that I couldn’t pay the debt.
Eventually, I used the services of a debt refinancing agency which enabled me to start paying some of the debt back. It’s not something I ever want to repeat. Now, however, the debt is paid off and the American Express credit card has gone. Most of you reading this will probably think it’s not the fault of the credit card but you need to understand something fundamental about human psychology.
Paying with cash makes you aware of how much things cost. The credit card just made it so easy; you don’t even look at the cost. It wasn’t until I had spent all my money I’d realize that I had been spending it like a running tap. Now, there is no longer a problem because there’s no longer an American Express credit card.
