Reply to What is your monthly credit card bill?

Forum Index » Off-Topic

Reply to "What is your monthly credit card bill?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is OP.  We also have cash back cards (I just put in requests for $1k in checks, which is what got me thinking about this).  I track our spending on Mint, but we don't really have a budget per se.  With a HHI of $250k and a mortgage of just $2500k, we have plenty left over to save for retirement and college and pay for daycare.  I tend to think of us as living modestly, but we will spend on travel and things for the house.  Still, I guess it's just astounding to me that we're blowing through $5k a month in addition to the more fixed expenses like mortgage, utilities, school loan.[/quote]

OP again.  I should add that I guess I fear this will only get worse.  The kids aren't in school yet, so I only see costs for their clothing, activities, and food growing.  Also, we will likely do more elaborate vacations.  [/quote]

This was us 3 months ago. We were blowing through so much cash, and not thinking twice about it.  DH and I took our credit cards out of our wallets and went on a 60-day spending freeze.  We took out a set amount of cash each week for personal/family expenses, and if we ran out of cash, we couldn't go out to dinner, go to that yoga class, etc.  We switched all our utilities to our debit cards and we are sticking religiously to our grocery budget. It has not been fun, but like you, I could only see things getting worse in the future as general expenses will increase.  At some point, we might go back to putting everything on CC's (we also have a cash-back card), but for the time being, we are more focused on getting daily expenses under control and this is what is working best for us.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics