- 6 years ago
- Wedding: August 2016
At least the people spending $1 on coffee get something in return for their money. You’re spending $50 a year on absolutely nothing.
Anyway, I can’t change your mind and that’s fine. I’m just surprised that anyone would choose to keep a balance on their cards and pay interest every month. It doesn’t make sense but to each their own.
We have $0 credit card debt.
We use credit cards to earn rewards and airline miles, and to get department store card-holder discounts, but they’re paid off in full every month.
None. My view on credit cards is that you should use them:
1) To establish credit. Use one card for everyday purchases, but pay it off in full each month.
2) Only when you have to like to rent a car or in the event of an emergency like the refrigerator or air conditioner going out and there isn’t enough cash on hand to purchase a new one. Even then, I recommend trying to pay it off in 6 months or less.
I try to pay cash for EVERYTHING.
I had $8,000 in credit card debt. I am almost done (about $300 away) from paying one that was $4000. The other are $2000 a piece. Once the last $300 is paid on the biggie I’m going to blast one of the other cards, while paying the minimum on the other card and so on
My goal is to pay off the remaining cards and my car loan by the end of this year. I am waiting on a settlement check which will pay off my car loan but won’t leave money for anything else. However, with both the car payment gone and the biggie card paid off I will have no problem using the snowball method to pay off the other two. I will then keep one card for emergencies only and cut up the other two. I will still have student loan debt, but nothing else.
$423 exactly. Emergency water heater 🙁
I don’t have a credit card however I did and re-financed it into a personal loan.
I’ll have that balance paid off in September and then will be debt free!
None! I have debit cards but not credit cards. When I was growing up my parents instilled the risks and problems re: credit cards into my sister and I, so instilled strong values about them into us.
Fiance also doesn’t have credit cards and so, no credit card debt. The only debt between us is the HECS/HELP debt from my university studies.
I use my credit cards for everything. My monthly balance is rarely over $2K and I have never not paid it off in full.
But, I work in finance. I would be strung up by my ankles and hung out the window if I didn’t know the best practices for using credit, and I know better than to use debit.
Zero! My SO and I have no credit cards, everything is paid for with cash that we’ve saved! 🙂
I pay it off every month, more than once actually because I have a low limit. I just use it for everything during the month!
Zero. I pay everything on my CC to get cash back, but my credit limit is significantly lower than the amount I have in my bank account, so even if I go a little wild one month I’ll still pay it off in full.
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