Credit card debt has become a huge problem in America. People have become to accustomed to just using their plastic to get whatever then want, whenever they want, without truly having the money to pay for it. Below I am going to list the top three reasons that people end up becoming so swamped with credit card debt.

1. Bad Spending Habits and Impulse Buying

Impulse buying shows lack of self-control. People will simply see something in a store and charge it on their card, because they just can't wait to own whatever item it is they bought, regardless of whether they have the money for it then or not. Credit cards feed into impulse buying that is what the cards are there for to satisfy out need for instant gratification. You know there is a saying "patience is a virtue" if some people adopted that principle they would not be in so much debt.

Bad spending habits run along the same line as impulse buying. Some people just indulge way to much in life. For example someone might go to a restaurant and instead of getting a burger and fries for dinner, they get the 20oz porterhouse, the appetizer, the drink special, and the dessert special. And of course charge it on their credit card. Now I am not saying that to splurge every once in a while is bad, but for some people it is a everyday way of life.

My Advice: Next time you are at a store, any kind of store, and you are going to make a purchase with your credit card. Look down at the items you are about to purchase and think to myself "Do I really need these things?". If you find yourself buying something that is more of a want then a true need then simply put it back on the shelf, and promise yourself when you have "real money" not a plastic card, to return and purchase that item for yourself without using your card.

2. Having Too Many Credit Cards!

This is the next major contributor to people getting into debt problems. People simply just cannot refuse the credit card offers they receive. They get these cards in the mail saying your pre-approved and your line of credit is 5k. For some people this is too much to handle and they will accept every card and charge on them.

My advice: Just throw these offers away! You do not need them. Think of each one of these card offers you receive in the mail as a little financial time bomb waiting to explode. The only way to diffuse them is by throwing them right into the trash.

3. Cash Advances!

This is a very big factor in people racking up debt. It seems just all to convenient to go to the ATM and take out cash against your card. However this becomes addictive to people and becomes a huge reason why they accumulate so much debt.

My Advice: Do not use cash advances. This essentially is almost the same as just charging on your card, you are still going to be paying interest and racking up debt.

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