New York residents with credit card debt may sometimes wonder how this debt piled up. While each person’s situation is different, there are several common factors behind most credit card debt.

Many people easily amass debt when they do not use their credit cards responsibly. Pocket Sense says that some people make expensive purchases that they cannot afford because they think that putting the item on their credit card means they will have plenty of time to pay it off. Many people do not consider their other expenses, though, and it is easy for a large purchase to become unmanageable. Some people also do not realize that failing to pay or paying late can raise their interest rate. This can quickly increase the amount of money a person needs to pay each month in order to pay off the credit card.

Sometimes people rack up credit card debt because they do not watch their spending. According to the Huffington Post, people can easily spend more than they make if they do not have a budget. Additionally, some people do not want to acknowledge their credit card debt or move their balance to a new card. Sometimes, people may simply not feel comfortable carrying cash. In this situation, they may not realize how much money they spend each month.

Credit card debt can sometimes become unmanageable if people feel they need to maintain an image. In this situation, many people might purchase a vehicle or clothing they cannot afford. Impulse buying can also quickly raise a credit card balance. Additionally, some people might try to show that every purchase they make is necessary. Justifying expenses can make someone think that putting excessive purchases on a credit card is necessary.