Credit card crunch

http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_303253.html
More seeking credit counselling as incomes start to fall in recession

some paragraphs taken from article

'More than 60 per cent of CCS clients this year cited 'job-related' causes as the biggest factor that drove them deep into debt, up from 43 per cent in 2006.

Overspending was the main culprit in 57 per cent of the cases this year, up from 52 per cent in 2006.

While most of the debtors are married and in their 30s and 40s, the number of spendthrift singles in the same age groups is also on the rise.

'With the easy availability of credit cards, often people forget that they are spending not cash but credit that will need to be paid back soon,' said Mr Lim, who has counselled more than 500 debtors.

'And with multiple cards, many don't know how much they spend every month.'

*********
a self reminder amid rocky times.

CASH IS KING now.