Cash versus Credit Cards Americans should handle their credit cards responsibly and should not become a part of that number of abusers. The Scott III (1999) website “The average Americans household has eight credit cards, which are used to charge almost $2 trillion in goods and services annually.” No one wants to be a part of the group of individuals who he or she can put his or herself at risk for acquiring a negative credit score, possible job rejections, rejections when trying to rent or lease a vehicle or property, possible marital and family problems, health problems, or higher car insurance or denial of insurance. The misuse of credit cards is causing credit card debt to spread more rapidly every day. Today’s society makes it …show more content…

8). Some Americans are forced to file bankruptcy if outside agencies cannot assist them in managing their debt. Richardson (1999-2010), "According to Money-zine.com, the number of bankruptcies in 2007, during the second quarter, was 200,732, which represents an increase of 11.6 percent above the first quarter filings of 2007” (Bankruptcies, para. 5). Many Americans do not realize they are credit card abusers until they are deep into debt. If an individual’s monthly credit card balance is steady rising, then he or she is most likely going down the wrong path of being a credit card abuser. Using cash wiser is a way to stay out of credit card debt. A large number of American households spend more cash than grossed. Many Americans feel the need to use credit cards because they do not spend their cash wisely. Americans should find ways to spend money in a responsible way. Developing a budget and sticking to it is a good place to begin. By budgeting, they will be able to watch their cash flow responsibly. Americans should take notice of how essential their cash flow is. They should know how much cash is brought in and how much cash is going out. Concerning finances, the best way to move forward on a positive note is to see a plain image of the nice benefits that can be enjoyed at the same time as taking control of a negative financial situation. The enjoyable benefits can include: luxurious vacations, removing the constant concerns of