Not one of us is perfect; we all make mistakes. Mistakes are often the best teachers. Suffering consequences is often the best way to learn how not to do something, and that typically proves the best education. For example, let’s go back in time to when I was a child of four or five.
My grandmother had a cook top stove in her home and she warned me as we made pancakes one morning that I was not to touch the surface of the stove – ever. She explained – clearly, I might add – that it would burn me. I touched it. Why? Because even though my grandmother told me it would burn, I didn’t think it would be that bad. It was worse than that bad. However, I never again touched another hot surface.
The same is true of credit card mistakes. Sadly, most of us have to do the things we know not to do so that we can experience just how bad the consequences really are. It doesn’t bode well, but since we cannot change the past we just have to look to our mistakes as lessons we can learn from so we can revamp the future and change our financial futures for the better.
That said, I’m still going to tell you some of the worst credit card mistakes consumers make in hopes that you just listen to me and avoid making these mistakes.