Debt Decisions

Debt seems to be the new face of the American way. Don't have money for something right now? That's okay, charge it on your credit card and pay for it later. Nothing harmful in that, right? The harm come in when people charge more than what they can pay when the bill comes around. Instead of getting scared and learning their lesson, they see there's a minimum balance due that they can pay. So, they pay it, feel relieved, and continue to charge things until they're in a hole so deep, they'll never dig themselves out. 

This means that the flow of information about credit, credit cards, fees, etc. is going the wrong direction. Part of the problem being that citizens are not taking the time to read and understand the ins and outs of credit cards. A credit card company draws people in with rewards and high spending limits, written in big, bright, letters. In tiny small letters that you need a magnifying glass to read, they tell you about the late fees, compounding interest fees, other ATM fees, things that add up so much, so quickly. 

I was taught a little bit about personal finance but, most of it I learned through the experience of having an allowance. I learned very quickly the importance of money management.

To say money has something to do with my Career Path of Accounting would be a major understatement and while I don't intend to get rich off being an accountant, I would like to make enough to live comfortably and, possibly, support my family.