Credit cards are a powerful tool and also can be the cause of financial ruin. There are pros and cons to having and using credit cards.
It is really easy to track your spending. It’s all there on your account so you can clearly see where and when you spent money. This is great for knowing how you spend your money but also in a large household it is great for knowing WHO spent the money.
You can set your bills to auto-pay to never be late on your bills and don’t have your services switched off. Most of us don’t have time to be busy with bills and our busy lives mean we can sometimes forget to pay bills on time.
It is really easy to make returns with a credit card. Often you don’t even need a receipt because you can just look up the item on the card. This is great if you are like me and often lose small pieces of paper or have a purse that is well, slightly, cluttered.
If you lose a wad of cash, then you lost it. It can never be replaced. If you lose a credit card, you can just cancel it and get another one.