Russian banks have begun to sharply reduce the issuance of credit cards, which has caused a wave of discussions among experts and consumers. In this article, we analyze the reasons for this trend: from high interest rates and Central Bank restrictions to changing consumer preferences. Find out how this will affect the ...

... the pursuit of an ideal image, individuals buy expensive gadgets, luxury brand clothing, and travel without considering the real costs involved. Accessibility of Credit Instruments Modern financial technologies have simplified the process of obtaining credit cards and BNPL (Buy Now, Pay Later) services. In the U.S., the average credit card balance for millennials is $6,800, which is higher than that of previous generations (according to Experian). Banks actively promote loans with low-interest rates, creating ...

... online is safe. The key is to select a reliable service with positive reviews from real users. In real life, the risk of being deceived or robbed is much higher. When exchanging online, there is no risk of receiving counterfeit banknotes. Money can be credited to the user’s currency card, which can be used for transactions anywhere in the world. Disadvantages of Purchasing Currency Online Despite numerous strengths, purchasing currency online also has its drawbacks. Sergey Tereshkin identifies the following: The need for registration ...

... sector. Equifax, one of the leading credit bureaus, reflects the state of consumer credit and household economies. Investors will analyze Equifax’s revenue growth from credit checking services against demand for loans. Synchrony Financial, a major credit card issuer, will also release its earnings – its results will reveal trends in consumer spending and levels of indebtedness. Improved metrics will indicate confidence among American consumers, while rising reserves for defaults might alarm the market....

... off the fear of missing out (often referred to as FOMO) and focusing on your true priorities, you can methodically work toward your goals. In due time, you will likely find yourself able to afford luxuries through investment income rather than through credit. One of the best solutions to enable calm and systematic investing and saving is to automate the process. Banks offer features to link "savings jars" to accounts and cards, while Google Play and the App Store provide a variety of investment apps. In the initial stages, automation will simplify the task of saving, making it easier to adjust to a lifestyle with lower expenditures. In the long run, such discipline can ...