Sometimes you have to wonder how we ever existed without the credit card. Why, since I canceled my American Express credit card, I have been unable to partake of a wide variety of goods and services, and that is no joke. Some of the basic things I took for granted were lost to me, even the simple act of buying a plane ticket to Florida. The old days of cash being king are gone.

It’s all very well using your Mastercard, Visa or American Express Card anywhere in the world but it is often for things you don’t actually need and with money you do not have. Your American Express card may be convenient but there is a heavy penalty for buying now and paying later. In many places around the world, credit card debts are increasing at a worrying rate. I am not joking when I say that credit card borrowing is probably the biggest problem facing Americans today.

That is one of the main reasons why I had to cancel my American Express credit card in the first place. The problem was it was too easy just hand over my card and buy things without seeing the money being spent. Charging everything to my card was stupid because before too long the debts just spiraled out of control. When the debt became so great that I couldn’t possibly pay it, I began to panic.

The debt refinancing service I turned to were my best hope and I managed to get the debt repayment under control. It was like being in a living nightmare. Now, I have gotten my debt paid off and cancelled my American Express credit card. Don’t think I am making excuses when I blame my credit card because you are not taking into account basic human psychology.

When you have to pay for everything with cash, you are so much more conscious of how much it costs. Like I said before you are not as conscious of the cost when you use your credit card. It wasn’t until I had spent all my money I’d realize that I had been spending it like a running tap. Now, there is no longer a problem because there’s no longer an American Express credit card.