Aspeoplechangethepatternsofconsumption,itiscommonforpeopletohaveseveralcards.Then“Cardslave”iscoined.“Cardslave”referstopeoplewhocanonlypaytheminimumbalanceontheircreditcarddebteverymonth.Manyyoungstersfallundertheso-calledcard-slavecategory.
Thereasonbehind“cardslaves”varies.Thefiercecompetitionamongbanks,Chineseorforeign,encouragesthemtolurecustomerstoholdmorecreditcards.Unfortunately,somecardholders,especiallyyoungsterswithlargeshoppingaddictionsandsmallsalaries,haveoutstandingcreditcarddebtsandgraduallybecame“cardslaves”afterreachingtheircreditcardlimitonluxuryitems.Duetotheirmeagersalaries,theyalwaysliveontheedgeofbankruptcy.
Inmyopinion,peopleshouldmanagetheirfinancialaffairs.First,onlychoosethecreditcardsthatsuityouthemost.Secondly,manageyourcardsproperly.Getsomegoodtipsfrominternetandfollowthem.Thirdly,increaseincomeandavoidexcessiveexpenses.Thesetipswillhelpyoukeepawayfromthedangerofbecominga“cardslave”.