Have you ever felt very ill after shopping because you realize that you have spent too much money and will probably have to pay the rent or borrow money to cover all the payments? I am very familiar with this situation because I have also come to realize that I have bought a lot of unnecessary things and ended up with a mountain of various possessions and an almost empty bank account. And in this situation, you are likely to think about it all the time until you are finally tied to an official bill that clearly shows how much you are breaking. And then you panic because you have no idea what to do and how you will pay it off. Doesn’t this situation remind you of anything? In my opinion, overdrawing your credit card limit is very similar to overnight communication, don’t you think so? If not, then let me explain why credit cards are like an overnight connection.
These are like an overnight connection because they give you the opportunity to feel really good for a while. If you like and are comfortable with meeting your wishes in the short term, then no problem, but most people do not like getting what they want, but feel satisfied in the short term. That’s exactly what credit cards do (and overnight communication), they let you enjoy the moment you bought a long-coveted item, even if you couldn’t really afford it, but that pleasure will certainly be very short, as soon as you ask that you’ve exceeded your limit and now owe it to the bank, which is definitely not pleasant.
Another similarity with credit cards and overnight communications is that no matter how fun and good they may be, over time you will be tired of these short-term commitments and want more. Overnight communication means that with time you start to want a more serious relationship, but with credit cards, it will mean that you will simply be tired of constantly owing your credit card issuer and feeling unwell about it.
It can also have serious and long-term consequences. If we think it right, overnight communication, though as if it is a non-commitment and completely short-term thing, is still a relationship, and however short-term this relationship is, it is still very delicate and you can never be really sure or alone the night-time relationship can not be played later by you in the form of a jealous partner or otherwise. The same is true with credit cards, because even if you overdraw your income limit every month for a long time, but somehow you are able to repay it, that does not mean that all of these overdrafts are not recorded in your credit history, have great difficulty in borrowing, for example, credit for housing. And is it really the short-term pleasure of a new outfit or the latest Iphone worth it to ruin your credit history?
Is that both credit card overdraft and overnight communication most often do not involve a long reflection on these situations before they occur. And while a couple of times it can be a lot of fun not to think about and just do it, over time it can become a habit that will definitely not end well for you or your financial situation.
Now that you know how much credit cards, or rather overdrafts, and overnight communication are similar, I hope the next time you want to buy something, but you realize that you can’t really afford it, you won’t go for your credit card or anything else. kind of credit borrowing and still better color the money for this item. And what do you know, maybe in a couple of days you will realize that you do not need this item at all and that you can save on something else.