Advantages and Disadvantages of Credit Cards
Nowadays, credit cards are a major component of American life. The most interesting thing about credit cards is that they are beginning to be used in late adolescence, when children develop their abilities. In general, credit cards have advantages and disadvantages of delayed gratification for children. These advantages and disadvantages must be taken care of before applying for credit cards.
Usually, parents try to socialize their children to enable them to live by the principles of modern society, and this socialization involves teaching them how to delay gratification. Most situations, young children have difficulty understanding the concept of later when they do not care overmuch about questions of life. If it is not always possible for everyone to get what they want, then the delayed gratification is an important parameter. Children must learn to wait before buying. Credit cards tend to be offered to adolescents and make them interesting because they just learned the keys to delay gratification that these adolescents have had to learn too. The schism between theory and the theory of reward credit card benefits but also creates problems for American society.
There are many advantages of credit cards . The main advantage of credit cards is that they allow people to make large purchases, such as manuals or expensive half those for cars. Also, credit cards can help with emergencies, such as medical expenses caused by accidents. A refund charge of credit cards allows cardholders to enter the life of the American middle class and at the same time to develop habits of quality. In addition, teens may develop a basic moral code of ethics and stronger while putting face to face credit cards and rules of society for a delayed gratification.
While parents provide credit cards to their children who have not fully learned to delay gratification, the U.S. engage with their consumers tend to buy without paying too much attention if they are able or not pay the debt accumulated during the purchase by credit card. This in turn makes many Americans to the rise in debt and, finally, to be unable to pay, causing problems with balance economic and personal credit as well.
The real problem with credit cards is that the amounts due must be paid back, this way the higher costs accumulated since the initial purchase could be avoided and the high interest rate credit cards.
In conclusion, credit cards could be considered as best friends as long as they are used in a way right and payments are made without disturbing the debt.
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