Credit cards

By Thabo M. Makgato

Credit card companies are very smart and seductive as they know exactly what to do to get consumers deeper. Credit cards can be obtained form banks, shops etc which means that people can build up credit if they do not pay it off on time, therefore it is important that people handle credit cards carefully. Research shows that money and wealth can create both positive and negative feelings for individuals and families. It is though that the reason for loss of money is poor financial planning, however recent evidence shows that 90% is lost due to poor financial and emotional preparation and only 10% is due to poor financial planning. This means that the relationship between money and psychology is a key aspect of growing and preserving wealth. The question might be "what makes you choose one product over another when shopping?" The answer lies in a complicated mix of psychology, symbolism and marketing. Conscious shopping could be the key to controlling your spending.