Personal accounting is a very important part of personal management. Most people tend to ignore it or simply by being careless about it.  For instance, credit cards are used to purchase every little thing. However, it must be noted that, these can turn quickly into  bad debts . Many financial experts advocate that, credit cards may be a bad option when it comes to paying of, expenses that we consume quickly. For example, meals or vacation, especially, if you can’t afford to pay of your month bills in a month or two become bad debts. There’s no better way get into bad debts, than using you credit cards unwisely.