The MARSHMALLOW Psychology test Conducted by a Psychologist on 1970s simply test a group of child by giving them a single marshmallow and promise to give them another one after 20 minutes just by not eating the first. It is so surprising that after number of decades it was found out that those who didn”t eat the marshmallow and received another one are successful individuals while those who can’t wait for 20 minutes to eat their marshmallow are now in the hardship of credit card debt

Credit cards now days are one of the luxuries that everyone can afford. Getting the chance to buy everything that you want even though it is out of your salary rate is quite an advantage. In fact almost establishments and retail stores are accepting credit cards for you to avail their goods and services in just a few swipes.

On the other hand, the possession of credit card is quite a threat on your financial stability. Swiping it around and living a borrowed life style will simply put you in tons of debt most likely a credit card crisis.
But how can you avoid it??

A wise user of a credit card will not use his / her credit card as much as possible. Don’t use it on your everyday purchase because every little interest on your daily credit transactions will sum up in to a bigger one. For ordinary expenses, leave the credit card on your wallet and use cash instead. On the other hand, when there is a need to buy using a credit card. Think first if it is a need and it is not simply the one you want. It is better to use it in investments, those things that you can use for a long time or will benefit not only you but also others.

Buying luxurious things like a complete golf set is good but knowing that you really don’t need it is bad, so it’s better not to charge it on your credit card. Avoid buying a lifestyle that you can’t afford because chances are you won’t afford it tomorrow. In addition, paying your credit card as much as possible and keeping it out of debt is a good way to keep yourself from a credit card crisis. Some have the habit of paying only the minimum pay each month. This kind of habit simply increases the amount of time it will take to pay off your debt.

The Marshmallow Test is like a commodity of common adults. We always want it so bad that we need to decide if we are going to take it now or wait for the right time to enjoy greater benefits. Are we going to use our credit card to buy and live on the lifestyle that we can’t afford or are we going to stick on our senses to use it properly? Credit cards possessions are very useful for everybody but the advantages and its benefits are for the wise users only.