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Credit Cards In Mexico: Correct Use Of Plastic Money

Author

Listed:
  • Arturo Cordova-Rangel,

    (Universidad Politécnica de Aguascalientes, Mexico)

  • Arturo García-Santillán

    (Universidad Cristóbal Colón, México)

Abstract

It can be said that the use of credit cards is on the rise and one of the studied markets is that of college students, the greater part of them being first-time users of credit cards. Card usage tendencies are mentioned throughout the study, as well as the description of their general good or bad use. Also, causes are identified as to why they are incorrectly used sometimes, which results in risks to their users. In addition, the study mentions some points to be considered for a better credit card management in order to obtain the best possible benefit from this purchase resource, which can also be a financing resource if it is known how to properly use it. The conclusion is that we must be aware of our own financial situation and know how to distinguish when we are able to acquire a certain good and when we are not; besides, we need to be patient and try not to be someone else through superfluous possessions that lead us into debt in an irresponsible way.

Suggested Citation

  • Arturo Cordova-Rangel, & Arturo García-Santillán, 2017. "Credit Cards In Mexico: Correct Use Of Plastic Money," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(3), pages 1-40, august.
    • Handle: RePEc:scm:ecofrm:v:6:y:2017:i:3:p:40
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    File URL: http://ecoforumjournal.ro/index.php/eco/article/view/692/442
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    References listed on IDEAS

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    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    2. Milton Friedman, 1957. "The Permanent Income Hypothesis," NBER Chapters, in: A Theory of the Consumption Function, pages 20-37, National Bureau of Economic Research, Inc.
    3. Sara G.Castellanos & Jesus G. Garza-Garcia, 2013. "Competition and Efficiency in the Mexican Banking Sector," Working Papers 1329, BBVA Bank, Economic Research Department.
    4. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
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    Cited by:

    1. Naukhaiz Chaudhry & Waheed Akhter & David Roubaud, 2024. "Financial literacy, personality traits and financial wellbeing: A preliminary evidence," Economics Bulletin, AccessEcon, vol. 44(1), pages 190-210.

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