Post # 17
My parents were the same way. I got a CC, but it came with the warning of “You must pay this in full every month, no exceptions. If you don’t have the money in your account for it, do not buy it.” My dad is also the financially smartest person I know, so I never once deviated from the deal, LOL! Figure the guy’s gotta know something right? 😉 Also, my card is still
on the same account as my dad, so if I don’t pay it, it impacts him, his credit rating, his relationship with the bank, not just me. I don’t want that on my shoulders.
That’s awesome that you do the jars! That takes so much commitment!
Good job on taking the first few steps and cutting off the problem before it got worse! Best of luck to you!
Post # 18
I think no matter what your credit limit is, or even if you are using cash, people need to be aware of the whole picture and be conscience of what they spend.
You could budget yourself $100 a week cash spending, but if you dont think about it and you spend it all by Thur for lunches, a dinner out, a sweater you pick up during lunch break, then you starve for 3 days until you get your next 100 on Sunday. Sure you dont go into debt, but you starve for 3 days and you probably think twice about how you spent it next week. I dont understand why the same doesnt go for credit cards. If you spent more than you make…. and cant pay it off, its time to start rethinking what you’re purchasing.
Post # 19
I’ve been thinking about doing that with my cards lately. Normally I’m not too bad with them and only make big purchases once in a while and pay them down pretty quickly. Lately I’ve been stress shopping like crazy though.
Post # 20
Wedding spending made it easy for me to put huge amounts on my cc, as my venue permitted payment by cc. I paid my balance in full each month though, so no fees associated with the occasional several thousand dollar cc bill.