Money & Finances

5 Reasons To Shred Your Credit Cards And Forget Them!

Contrary to what many of us are brainwashed into believing, credit cards are not really good for us.

While they can be useful in times of emergency (as long as you only use them for that and then pay them off right away), most of us get suckered into the convenience of using credit cards. It's easy to just use a credit card whenever we see something we want.

Here are 5 reasons to shred your credit cards, close your accounts, and forget them!

• You won't be tempted to use your credit cards if they are shredded and the accounts are closed.
   
• You will no longer have to deal with a company whose sole purpose in life is to separate you from your money.
   
• You won't have to worry, and you won't have to pay all those extra fees. You know the ones I mean: the annual fees, the over the limit fees, and others.
   
• You won't have to pay interest to anyone else and can instead use that money for your savings account.
   
• You will no longer be dealing with an industry that preys on the less fortunate in our society. Credit card companies get most of their fees (to the tune of 93%) from 14% of all credit card holders. That means you and me, and the other regular folks.