Description
This article uses a story to demonstrate how easy it is to get into credit card debt by relying on a card to fund a holiday. It is targeted towards Millennials but the concept can apply to any age group.
Introduction
The pictures are enticing: ocean blues and hibiscus pinks; white beaches and nightclubs. For twenty-somethings, tropical holidays are rites of passage few can resist; fewer still can afford them – even if we think we can.
The Thailand package was only $500, but Simon, having just paid his car rego was broke so he decided to pay for it using his credit card. However, after adding airfares and travel insurance his credit was maxed out before the plane left the ground!
Simon’s situation is common. We easily justify using credit for things we know we shouldn’t, but temptation is cruel, often irresistible.
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