How Credit Card destroy's your wealth ?
When you're a kid, a library card is a magical item that can bring you seemingly unlimited access to joy and wonder. For many adults, that's what a credit card does. People like to say it's not good to carry a lot of cash around, but cards have their drawbacks, too. What if keeping an empty wallet is emptying your bank account ? Pick a Card, Any Card - · Sure, using a credit card can be great. You don't have to carry as much cash around, keeping track of your spending is easier, and credit cards even help you save money. But studies show that cards can also lead you to spend more than you would have with cash. · In 2001, MIT researchers Drazen Prelec and Duncan Simester gave business students a chance to bid on three items: a pair of tickets to a sold-out game between the Boston Celtics and the Miami Heat, a pair of regular-season Red Sox tickets, and a consolation prize of one Celtics and one Red Sox banner. The students were