Reply to how much credit card debt do you have? do tell please

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[quote=Anonymous]Zero, but that is a little misleading.  We pay our cards off in full every month.  But, when we have something big going on where several large charges hit the card at once, we have an unsecured personal credit line with a very low interest rate we can use to help with the cash flow issue.  Right now, we have a very major thing going on, so the line is almost fully drawn at $50,000.  It sucks and I hate it, but we hope to have it paid off within the next year after building back some of our savings.  This is a real estate inflicted wound, which will get better this Spring.  Our income is fairly high, though, which is why we are eligible for the line.  The point is not that we have things so well in hand.  We don't at all.  The point is without good money habits your picture can be ugly at any income.  We just got serious about getting a real financial advisor and he is guiding us through this.  He wants us to build some liquidity before getting rid of all the debt so that we don't end up in another pay off then redraw then pay off then redraw cycle.

Good luck to everyone getting their financial house in order, and special kudos to the PP who resisted the real estate lure in favor of some good financial sense![/quote]

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