Credit?
What an amazing word is "credit"!
When hearing this word, someone's face shining with happy and someone's mind undergoes gloomy mood. Credit leads people to attempt suicide! Credit leads men to become killer! The fact behind this phenomena is only the money. Yes Money! Money is the life blood of each and every transactions. Sometimes we are in hurry of insufficient fund to fulfill our needs. Then we are going to find a Credit Money. Is credit transaction bad?
Is credit a bad Thing
I don't think credit is a bad thing. It is only became bad when we fails to keep our word. Proper management of Credit is good for everyone. Because all of us sometimes face the lack of money in urgent situation. So we are surely forced to buy credit. The problem is lying with the credit management. We must think and get an idea about how can I pay the debt?, How long it take? etc before going to credit transactions.
Is credit a necessary?
Credit is not necessary in many of our life situations. It only needs when a necessity thing we want. Before going to buy anything on credit, we have to identify whether this is a necessary one? Or is a luxury thing which tempt me to do only for an interest? We never buy anything for luxury on credit. It never means you don't dream for a luxury. You can dream. But you only give your dream a life after you got sufficient money yourself.
In next issue of my Credit Journal, I will talk to you more about credit.
