(5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5) (5.00 out of 5)
(4.80 out of 5) (4.67 out of 5) (4.50 out of 5) (4.50 out of 5)Credit card and finance computations can make your head spin, we have developed common calculators to assist you.
Random Word:
Credit insurance is something that most major credit card companies offer... ...more
Thinking Small Purchases Won’t Matter
No matter how bad our finances looked or how high our credit card bills were, I always thought it was okay to charge “small” things. Meals at restaurants, a pair of shoes, some new clothes, and even emergency trips to the grocery store all ended up on a credit card. “We can pay extra this month.” “This little bit won’t matter.” “We’re not even close to the card’s limit.” I justified my purchases by repeating these thoughts in my mind.
If you’re in a rocky financial situation, ANY additional debt is bad. It’s so easy to charge “just a few” items and end up with debt that you can’t pay, and then it just keeps getting worse. We got ourselves into a bad situation by charging every “little” thing imaginable. And I continued to do this even when I knew that we were dangerously close to financial disaster.
You are the only one that can make yourself stop using credit cards for unnecessary purchases. I read all kinds of little tricks that people use to make it difficult to use their credit cards. Hiding credit cards, putting credit cards in water and freezing them, and putting notes on their credit cards telling them to think before they use them. These are all great suggestions, but the bottom line is that I had to decide I wasn’t going to use my credit cards anymore. I knew I would pick an easy hiding place, chisel a card out of ice, and pay no attention to notes I had written warning me against using a credit card.
Loading ...
When you’re in financial trouble, or if you just want to improve your financial situation, you have to make the decision to stop using credit cards and STICK WITH IT! No one can do this for you. Stop using your credit cards. Period. Not even for small purchases. And especially not for things like eating out. That meal might take you an hour to order, eat, and pay for, but you could be carrying the cost of that meal for years on your credit card.
My suggestion for you:
Decide how you will convince yourself not to use credit cards. You may need to cut them up if you don’t think you’ll be able to resist the temptation.
Related Posts:
(5 Votes, Average: 4.80 out of 5)
Loading ...
Printer Friendly Version
Next Post: My Biggest Financial Mistakes (#1)
My Biggest Financial Mistakes (#3) (previous post)
No comments yet.
RSS feed for comments on this post.
Leave a comment