When I first entered the working world, one of the first things I wanted to do was get a credit card. For me, it was like an affirmation of my status as a working person. It said that I’m now an adult with more money to spend than I earn! I could spend now and pay later!
Many adult years down the road now, I’ve pared down my credit cards to just a couple (mostly due to the service tax) and other than some monthly charges I have on it, I hardly use my credit card anymore, and I find it liberating! So my money tip of the day is to control your spending by using cash, not card.
My personal reason is thus : I don’t like charging lots of small expenses to my credit card and at the end of the month, receive a large bill. Without realizing it, small expenses do add up, and they are like a snowball rolling down a hill. It really grows without you realizing it!