These companies can be their own worst enemy. Every day consumers throughout country receive an avalanche of credit card offers that make promises of low interest and high spending limits. Many of recipients are already strung out with other debts but credit companies still offer and then provide these high-risk individuals with desired credit. Talk about using gasoline to try and extinguish a fire.

The practice of paying with plastic can be seductive and addictive and credit card companies are well aware of it. It is obvious that these companies are doing quite well. They use loopholes to gradually increase interest rates and capitalize on deceptive “minimum monthly payment” scheme to string consumers along. If you have an ounce of wisdom, you will pay close attention to credit card offers you receive and progress of your interest rates as you go month-to-month. It is a quite simple matter to let things get out of control and find yourself at mercy of Visa and MasterCard.

That statement sounds like exaggeration to man who has never watched a $10 account in his savings bank book grow week by week. And he is not to blame for thinking so until he knows better. There is pleasure in gratifying one's inclination for spending money, but man who curbs his inborn inclination to spend--and saves regularly--finds that he experiences twice pleasure in saving that he ever did in spending.

The secret of gaining wealth has been reduced to seven words by Robert Louis Stevenson:--

"Earn a little, spend a little less."

Simple, isn't it?

Some people fail to accumulate enough money to take care of them in old age, sickness or misfortune, and it is because they think that saving is easiest thing in world. The fact is that it requires more sense to save money than to make it.

"Don’t work for a mere living; show a profit for your work every week; have something left from your earnings after all your expenses are paid." A son of a famous railway magnate was put at work every summer during his vacations from school and college. One summer he fired an engine; another summer he was a member of a surveying party; so that when time came for him to take his place on board of directors of various railroad lines, he knew business which he was going to direct. He also knew life of a fireman on a freight engine, and could have earned his living in that calling, if fortune had taken wings and left him dependent entirely upon his own work.

"A hard-working man always seems to be lucky."--Ed. Howe.

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