World Of E-Commerce: Credit Card debts: Causes and Prevention

CONFESSIONS OF A SHOPAHOLIC, due in theaters on February 13, 2009!

Rebecca Bloomwood is a sweet and charming New York City girl who has a tiny, little problem that is rapidly turning into a big problem: shes hopelessly addicted to shopping and drowning in a sea of debt. While Rebecca has dreams of working for a top fashion magazine, she can't quite get her foot in the door that is, until she snags a job as an advice columnist for a new financial magazine published by the same company. Overnight, her column becomes hugely popular, turning her into an overnight celebrity, But when her compulsive shopping and growing debt issues threaten to destroy her love life and derail her career, she struggles to keep it all from spiraling out of controland is ultimately forced to reevaluate whats really important in life. END!

Just click the following link if you wish to see the trailer

http://www.youtube.com/watch?v=ZYYCSEV-i1Y&feature=fvst

Alright, no more discussion about Confessions of Shopaholic, please!!! I mean no more cos we are heading back to week 5 task. Oh ya~! Week 5 task. What is it, ya?! Oh..It's Credit Card debts: Causes and Prevention. Ever wonder why I suddenly link "that movie" with one of this week task? It's so simple. If you already watched "that movie" then you will know what exactly happen to Rebecca Bloomwood. She drowning in the sea of debt from her credit cards and struggle to save herself from suffocated. Haha..! I do believe that now you realize the relationship of "that movie" and my task.

Allows me to start my task. I believe that everyone is familiar with credit card (Magic card is the term used in "that movie"). It allows consumers to repeatedly borrow money or purchase products and services on credit. Normally, it is issued by banks, savings and loans, retail stores and other businesses. Credit cards or magic card suppose to make our life easier, but it gives rise to negative consequences in our society.

Today, credit card debt has become the main contributor to personal debt and cause for many financial problems. The following are some of the common causes of credit card debts.

Maintaining expenses on a reduced income ~ Excessive spending is one of the common causes of credit card debt. This is especially true if you continue to make charges after experiencing a reduction in your monthly income.

Poor money management ~ Spending without planning is likely to result in excessive expenses and inability to pay the monthly credit card bills. Higher interest rates will be charged on late payment and further increase your debts.

Not savings or saving too little ~ Those who are contributing very little or no funds to savings, are likely reach for their credit cards to cover any unexpected or emergency expenses.

Overspending ~ People often spend too much on things that they may not really need. As we live in a consumer culture, with glittery advertisements beckoning us to buy, around every corner, sometimes, we may use credit cards beyond our means.

Banking on windfall ~ Spending tomorrow’s money today is very tempting. Relying on credit cards to meet your monthly purchases will lead you down into credit card debt at the end.

Ladies and gentlemen, don't worry! Be happy~! There is always someway you can do to save yourself, right? Here are some useful tips to prevent credit card debts.

Manage Your Finance ~ Plan for your money by listing out all income and expenses on a monthly basis. It is important to know exactly where all of your funds are going. With a great management plan, you won't need to pull out your credit card from your wallet.

Choose Credit Card Wisely ~ Be cautious when choosing credit card. Try to find the credit card offers the lowest interest rate by reviewing and comparing various offers in the market.

Control Spending ~ Be extremely careful with your spending once you get the credit card. Consider whether you can afford the amount credited at the end of the month each time you use credit card. Set a credit limit as low as possible but sufficient to meet your daily needs.

Always Pay on Time ~ Paying on time is one of the best solution to shun away from debt. This can restrict debt from being grow into a huge amount that contributes to financial problem.

View Credit Card the Same as with Cash ~ Keep an equal perspective regarding credit card and cash. This helps you to be more aware and keen on spending too much.

Be a wise consumer and use your credit cards cautiously and don’t let credit cards control you. Do remember this: "You're the magician. So, magic card depend on you to show the magic to the people around you. Don't let magic card control you!"