Credit cards can absolutely ruin you in the summer! This is a fact. Lending is always higher around this time of year and the only other time of year to top it is Christmas. It’s easy to understand when you consider that the kids are soon to be on holiday…
Credit cards can help pay for all the things the kids want to do in the holidays, and not only that, they can also end up paying for the family holiuday abroad. But you have to be careful here, because that holiday of a lifetime could actually end up taking you a lifetime to pay off! It’s not worth it at all.
As a nation we have grown impatient, and we always want what we want immediately. This is where the credit card will trip us up, and in the summer it gets worse. It’s not only the big things that you need to watch out for like holidays, it’s also all the little extras that you get in because you’re perhaps organising a BBQ and you need some more beers, or food for the grill. You might invest in some patio furniture or maybe some activities for the garden so the kids can enjoy their time outside a little more.
Either way the summer will cost you a fortune if you don’t slow it down. You don’t need to have everything and you should teach your children to wait for things. Don’t let your credit card rule your life!