Daily Post

What is in Your Wallet?


Must Have List
  • Cash?
  • 1 Debit Card
  • 1 Credit Card
  • 1 Driver License
  • 1 Work ID
  • 1 Parking Card

This is what we carry on a daily basis whether you are rich or poor. Whatever it is in your wallet that is also how we spend. Is anyone pay cash on a daily basis?

Spending

List of all your credit cards see Sample Fig. 1

Some of us carry more than one credit cards, credit card is basically you are borrowing money at 30% interest with most bank. For every $100, you have to pay $130. If you don’t pay the $100, it added more interest to now $130. Now, I want you to check the interest every month if you see it going down or going up. Do you know that $100 that it can become $160 with more interest. Eventually It will become $500 with daily and yearly interest added. Start checking your credit card monthly statement. Now, you know why your balance NEVER go down. TRANSFERRING YOUR BALANCE to another credit card, it is even worse. It is more interest on top of your balance.

Photo by Artem Beliaikin on Pexels.com

List of all your store card see Sample Fig. 2

It is good but also enticing to make you buy more. Some store will raise the price before they put the discount. You think you are buying for a good price. Not at all!