This website uses cookies to ensure you have the best experience. Learn more

Why Americans Should Not Use Credit Cards

1121 words - 5 pages

There Should Not Credit Cards

Introduction
Today many people blame their credit card debt on the economy. With their being so little employment with very little income; we are forced to live under our means. Credit is usually misused and accumulates large amounts of debt. Many people use credit cards for daily expenses or to buy their wants rather their needs. Often times, credit cards are used to pay rent, utilities and other daily expenses due to people living off of paycheck to paycheck and do not make enough money to pay their monthly bills to buy necessities. Some people may use credit cards to keep up their material social statuses amongst their peers. Other people have some sort of ...view middle of the document...

This tends to be a large factor in the issues of credit card debt. Not knowing to take responsibility for your actions can make a bad decision worse. You get caught up in the moment of shopping until you suffer the consequences. Then you want to go back and fix it. We do not all think about how the bill will be paid the next month when it comes. It is not something that we are taught its mandatory value. With so many credit card companies in this world with different rates, fees, interest rates, and annual fees, how can one keep up with remembering to not only pay the monthly bill but what also accumulate on a monthly basis?

Credit Card Debt Can Lead to Financial Stress
Credit cards and large amounts of financial debt can create an enormous amount of stress. This amount of stress can damage a person’s psychological wellbeing. In a study made for college students with credit card stress, students often complained about enduring anxiety, having to drop out of school, filing for bankruptcy, working multiples jobs or working unspoken jobs that just to get them partially through the door. But these have the have been the best solutions for those who can handle stress well, especially stress along with going to school. Unfortunately there have been worse cases in the researched study. There are a lot of student suicides that are linked to credit card debt. One of these cases was about a young man in 1999; named Sean O’Donnell who committed suicide at the age of twenty-two when he found that he was $10,000 in debt. While attending school, Sean had taken on two jobs trying to get his bills under control. His financial mess took its toll on him and he could do no more. A week before taking his life, Sean went to his parents for help and his parents were so surprised at the amount of debt he tallied up. His parents did not have an extra $10,000 to help him. (Mannix, Margaret 1999 pg. 89). This is an increasing issue in America that is acquiring dire consequences.

Conclusion
In closing, credit cards are not dangerous. It is the companies that provide the credit cards. Although it is our duty to educate ourselves;...

Find Another Essay On why americans should not use credit cards

Children Should Not Use Smartphones Excessively

1184 words - 5 pages With the rise of smartphone technology, many parents are letting their children use their smartphones. While it may seem to be harmless, the benefits of letting children use smartphones can be argued. Smartphones can have an impact on a child’s development. Children should not have smartphones due to the impact they have on a child’s development. Before smartphones, what did children do for fun? Kids used to spend their free time playing

Why Should You Use The Public Transports?

544 words - 2 pages attention on the roads.Public transportation is very common in Hong Kong. However, Hong Kong people like to drive their own cars to show off themselves. As a result, Hong Kong government should do more to encourage people to use the public transports, instead of their own cars, by starting with the officers themselves. Please do NOT refuse to use the public transports.

Why Illegal Immigrants Should Not Be Deported

2079 words - 8 pages others and its sad that they can’t come in legally without having to risk their lives. The ones that are here are working hard and most of them do no harm. Deportation should not be used on illegal immigrants. Many americans claim that illegal immigrants come into the u.s and take their jobs. In 2012 8.5 million jobs were taken by immigrants. (Passel, Jeffrey S. and D'Vera Cohn, Federation for American Immigration reform,p.2)Yes, many immigrants

Why you should not join orchestra

614 words - 2 pages Do not Join the Orchestra Taking music classes or taking Advance Placement classes are two types electives that a student has to choose in high school. One can join the orchestra and learn about Bach, Beethoven, and Brahms; on the other hand, one can take up Advance Placement classes and get college credit, which may help a student graduate college quicker. Joining the orchestra would be a waste of time; it would reap no benefits and would not

Why Marijuana Should Not be Legalized

1657 words - 7 pages legalization through taxation. However, drugs like marijuana are addicting and should not be legalized. Marijuana should not be legalized because it can cause overwhelming damage to the society as a whole. As Bennett says, “Drug use- especially heavy drug use- destroys human character. It destroys dignity and autonomy, it burns away the sense of responsibility, it subverts productivity, it makes a mockery of virtue” (Husak 663). People

Why Government Should Not Control American Diets

2890 words - 12 pages have in fact the opposite effect on the public because many families and children would go hungry because Americans would no longer have access to the cheap food that was keeping their family a float. The American dollar would not go as far. So like prohibition and the fat tax there are other factors to consider when looking at why Americans eat the way they do. If the government controls American diets it is possible that this would affect those

Why College Athletes Should NOT be Paid

1997 words - 8 pages research however; I have come to many conclusions why the payment of athletes should not take place at the collegiate level.The payment of athletes is only for athletes at the professional level. They are experts at what they do whether it is Major League Baseball, Pro Basketball, Professional Football, or any other professional sport and they work for that franchise or company as an employee. The payment of NCAA college athletes will deteriorate the

Why MMA should not be banned

1979 words - 8 pages Evan McMorran-CarreAP English 3The Importance of Mixed Martial Arts and why it should not be bannedThere are many great benefits in Mixed Martial Arts, although some would disagree with this statement. Mixed Marital Arts is an extremely beneficial tool, not only for the mind, body and spirit. but it also serves as a self defense mechanism to use in the real world if presented with a given situation in which a person would need to protect

Why Steroids Should Not Be Toterated

1035 words - 5 pages doctor. Nevertheless, the use of steroids should not be tolerated due to the fact that it’s expensive, it’s unnatural and it’s unhealthy. Steroids are very expensive in such a way that an individual should have a certain amount of money in order to have it. An individual must also follow a specific cycle so that the effect of steroids would be great. Once he started it, there is no going back; he should continue it until he finished a cycle

Why Smoking Should Not Be Banned

675 words - 3 pages Why Smoking Should Not Be BanSmoking is a source of great controversy, and most individuals either support it or oppose it. Almost no middle ground exists on the topic of tobacco smoking, and individuals against smoking have taken great strides to promote the cessation of smoking in public places. Unfortunately, this has led to the formation of numerous laws that forbid smoking in specific public places like restaurants, bars, parks, and in some

Reasons Why Abortion Should Not Remain Legal

819 words - 4 pages , but it is a form of sin across numerous religions. Another argument commonly used, as a justification as to why abortion should not remain legal is that if abortion was not made readily available most women with unwarranted pregnancy would be encouraged to choose the human and moral adoption route. Paradoxically, there are numerous women who cannot or have difficulty conceiving a child of their own. Due to the costly expenses necessary for in

Similar Essays

Persuading Students To Use Credit Cards And Financial Aid Responsibly

1240 words - 5 pages Consolidation at the soonest possible time. Persuading Students to Use Credit Cards and Financial Aid Responsibly Do Students at Broward College Realize They are Incurring Credit Card and Financial Aid Debts? Broward University has a fast growing population of college students, all of whom seek to complete their college education based on a combination of their parent's educational fund that was set aside for them, and student loans paired

Why African Americans Should Not Be Given Any Reparations For Slavery

2253 words - 9 pages Persuasive Speech outlineI. Attention StepA.How many of you in here would be willing to pay for a crime you didn't commit?Let's say your father committed the crime would you be willing to pay for it then?I can see none of you is willing to do so, which just proves my point as to why African Americans should not be paid for the slave trade.B. After having done extensive research, and interviewed students on campus as wellas other people all of

Why Americans Should Embrace Alternative Medicine

2234 words - 9 pages Why Americans Should Embrace Alternative Medicine (Audience: American physicians, patients, legislators, and insurers who are wary of alternative medicine and its growing popularity) As complementary and alternative medicine (CAM) grows more popular with the American public, the question arises whether we should consolidate aspects of unorthodox medicine with standard care. Many, such as Dr. Andrew Weil, swear by CAM’s effectiveness and urge

Why Should We Use Pennies Essay

692 words - 3 pages itself. So I ask myself, "Why use pennies? Should they be eliminated?" The growing debate of whether or not the penny should be eliminated from all cash transaction is, personally, futile, when they, themselves, doesn't bother to use them. It seems as if the penny is kept around today for more of a sentimental reason, for example, Abraham Lincoln's face on the penny to remind us of our history and where we've become. Admit tingly, the penny