The Credit Limit Trap: How 'Virtual' Money Ruins Budgets and Why Experts Advise Setting an Alarm Before Buying
🛑 **Is the credit limit a trap?**
Expert Taras Kozak explains why a card with a credit limit can ruin your budget:
💸 **False sense of wealth:** The grace period makes you think you have more money than you actually do.
🎢 **Financial seesaws:** Salary goes to repaying debts, not to living.
🚫 **No safety cushion:** If the limit is used up, there is no reserve in a crisis.
✅ **Expert advice:**
1. Use the '24-hour rule' before buying (set an alarm!).
2. Keep your safety cushion in deposits, not on a card.
#finance #savings #loans #advice
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