Not Monitoring Credit Card Charges
Like many other people with great jobs and fulfilling lives, Isaac and Miko were not the type to pay attention to everyday spendings. They did not see any reason to keep an eye on their credit card charges, especially when they did not make any extravagant purchases.
However, after a peaceful night out at their favorite restaurant, their credit card was declined. When they arrived home and were able to check their account online, they were shocked to see that they had accumulated over 10,000 in credit card debt. It’s not quite a good ending to a pleasant night out, is it?
Financial experts advise people to verify their accounts on a regular basis if they want to avoid such “surprises”. Expense-tracking apps can help.
