Increasing consumerism has given rise to the phenomenon of over 
expenditure by even an average earner and in turn has resulted in more 
and more people reeling under debt burden. The problem escalates because
 people care little about key aspects of personal finance. One can in 
fact benefit much if finance availing and management aspects of personal
 finance are especially taken care of.
Both
 finance availing and management of personal finance goes hand in hand. 
Main sources of personal finance are credit cards and personal loan. 
Credit cards have become most popular and easier way of both taking 
finance and making expenditure. Every item purchased goes to the 
cardholder's bill. Lack of cash often encourages consumers to swipe 
credit card more. This only results in debt accumulation. To minimize 
credit card debts, take precautions. It would save you lot of money if 
you use credit card only when there is no other alternative to it 
because if the dues are not cleared in time the credit card issuing 
company slaps high penalties. This worsens the debt problem. Also, when 
applying for credit card, make sure you pick up the company that charges
 the lowest possible interest rate. Your interest outgo must remain 
lower so that you save enough for other expenses and rainy days.





