People today are increasingly use credit card to make monthly purchase. Do the advantages outweigh the disadvantages?

It is certainly true that more and more
people
use
credit
cards
because it is the main way for monthly
purchases
.
While
accepting that, I believe that using
credit
cards
for monthly
purchases
is more likely to have a harmful impact. On the one hand, there are several benefits when using
credit
cards
to make monthly
purchases
. A common advantage is that we can be paid more quickly every month. Because when we use
credit
cards
for
purchases
, they can be purchased automatically. In fact, my brother often watches a movie on Netflix and all the cost is purchased through
credit
cards
every month, which helps him not need to sign in the next month.
Besides
, it can help
people
purchase when they don't have money they need purchase to continue using services.
On the other hand
, these benefits can be outweighed by the drawbacks. One obvious disadvantage is that when using
credit
cards
to make a monthly purchase, a lot of
people
don't know the hidden cost leads to spending more money on some services not necessary. Another negative effect is that
people
can have difficulties managing finance personally which lead to a lot of problems with debt.
For example
,
last
week, my friend realised that he lost a lot of money on subscriptions
such
as Netflix, Spotify, and iCloud and the cost was higher income for him. In conclusion,
although
there are some benefits of using
credit
cards
to make monthly
purchases
, it is obvious that can bring some risks to a
credit
card if
people
don't have knowledge about managing finances personally.
Submitted by yeshomeclass on

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