Use Credit Cards Or Avoid Them ?

@bobby_123 ... in my opinion, one should use it as much as they can but only for their own expenses and occasionally for their friends/relatives.

People create situations where they can pay via credit card and I guess because of this, some of them even land in trouble and get notice from Income Tax department. Then there's revolving credit and what not. Even that's debatable, if someone can handle all this efficiently, good for them but certainly not an example to be set for people new to this space.

In short, if someone is a disciplined spender and can keep track of their finances, credit card is a good thing, in fact the best thing 😇

P.S. I hold 13 credit cards and happily use them to their max. potential and track payment via Excel spreadsheet.

Using CC since 2003, at one point, I had 27 cards, now 8... I use them as pee requirement and have aligned all cycles such that all of them have 21 to 20 billing... I get salary on 5th and pay on same day as mostly 7th is the due date.

I easily manage spend by using an Excel file, which has my MF tracking,  fixed expenses like school fees for kids, insurnace premium, and other tracking. I track all bank accounts of mine and family, home loans, wallets,etc. through that file. First made in 2005 with a simple table, now with 15 tabs and huge interlinking, update it once a week to track my overall expenses and not only CC related... at any point, I have a budget made for the next 12 to 15 months for fixed and known expenses, which helps to plan better... I am a finance guy, so may be it's inbuilt...