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[quote=Anonymous]1. Don't label yourself "bad with money."    There's no innate "bad with money" trait--you just haven't to this point wanted to take the responsibility for your family's financial well-being.  But it sounds like you know you need to.  Saying you are bad with money is a way to avoid being an adult about it.  Most of us would like to spend more than we make, just like most of us would like to eat more ice cream than we should--we have to decide not to and then develop a plan that mitigates our bad habits in advance.  You sound like you are trying to do this by not paying it off, but that will likely just put you in a place where you spend down your savings AND have credit card debt that you are paying interest on (and interest rates are on the rise so now is a good time to pay it down!).  You're not addressing the real issue.

2. Leave 1K in your savings and pay the rest to your credit card. Ask the credit card company to reduce your credit limit to $500 whatever is left after you pay it off.  If you pay it off entirely, put the limit at 1K or get rid of it completely.

2. Switch to a cash/checking approach to 99.9% of your finances. Have automatically at least 10% of incoming funds sent to savings to rebuild your savings after paying off the credit. Budget and monitor the rest.  You can't spend what you don't have.

3. If you think you need to, cut up the card.  Some people put their credit card in a freezer to help them remember to be more conscious about using it.  If you need a credit card for some things (e.g., automatic payments) or would prefer to have it for emergency use. Set the card to autopay to pay in full each month and then put a date on your calendar before it's due to review transactions on it and confirm your bank account has the funds.  This will help build the habit of responsible credit use.

4. Just decide that you will ALWAYS pay the card in full each month.  That's just what happens. [/quote]

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