Since government has announced the RM50 tax imposed to credit card holder, many have not aware that owning a square plastic would cost them so much. Average working adult hold at least 2 cards with average hold more than 5 cards. I myself, all these years have collected more than 12 cards and counting. All the while, I kept myself work for something that is not worth for.
End of Credit Card Imprisonment – Freedom towards better financial control
16 December 2009
If it’s not about taxing credit card holder, I won’t take a drastic action to CUT all my card in an hour plus. YES real, I took few years to accumulate and took an hour to destroy it…ouch, my collection!
Each of them has their own benefits such as installment scheme, online bill payment, petrol rebate, hypermarket rebate and co-brand privileges. In fact, I’d make use of all these cards, but going forward, I just have to forget about it. Sigh!
Forget about the conveniences caused by them, let’s talk about my self-weaken financial control. I’ve a loose control on my spending habit. I’m calling myself a big spender. Most of the time, my spending is nearly crossing my income line. Seriously, CUT is really helping me to have better financial control. Seriously no jokes.
Reducing debt was still my resolution since 2 years ago and still come with me. When it comes to year end, I realized that I even got higher debt. Sigh! Now I got restructure my debt and I’m on the way reducing this. Wait me … DEBT FREE status.