Credit cards are convenient on so many levels. With credit cards, you don’t have to carry large amounts of cash, you can pay quickly and easily, and you don’t even have to pay immediately. While the benefits are numerous, credit cards also carry a serious responsibility.

It’s very tempting to go on spending sprees or neglect to pay your bill on time, but irresponsible use of a credit card can lead to severe financial repercussions, including mounting debt, wasted dollars, harassment from bill collectors, lowering your credit score, and even bankruptcy!

Fortunately, credit cards aren’t a terribly complicated concept. A good dose of common sense and fiscal responsibility will go a long way.

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