#16: Give Me Some Credit
This is a major problem for many people, not just this poster. A lot of people just get stupid when it comes to credit cards. Maybe it’s that advertising from credit card companies is too good; we get lulled into thinking that credit just lets us buy stuff we want and there are no consequences. Or at least they convince us not to think about the consequences.
But misusing credit cards can mess up your financial life for the foreseeable future. Buying things on credit or loans is useful in certain situations, like houses and cars. For most things, you should live by the financial advice given in that great SNL sketch: “Don’t buy things you can’t afford.”