Devonomics is a business, economics and finance blog which discusses tips, trends and news in the business world. This blog includes topics on business, finance, marketing, loans, insurance, credit cards, mortgage, real estate and internet marketing.

11th
FEB

Avoiding sea of debt

Posted by admin under Debt, Finance

The book series turned movie shopaholic is a chick flick with a great moral lesson. Rebecca Bloomwood is the character portrayed by Isla Fisher who is an obsessive shopper. She considers her credit card as her refuge and she resources to it to buy signature clothes and her other so called necessities. It came a time that she is already drowning in a sea of debt and her relation with her best friend, potential lovelife and reputation is at a stake.

It is an eye opener for all those who consider their credit card as their most prized possession. Credit management is important so that you won’t be sucked with your bills. Before purchasing something you should first think twice if it is imperative for you to buy it. Upon you receive your salary, allot a part of it to pay your bills on time. It is better if you can give more than the minimum. Remember that smart decisions and careful spending will keep you away from being in grave debt.