Reply to Be honest - How many of you pay your complete credit card balance off each month?

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Reply to "Be honest - How many of you pay your complete credit card balance off each month?"

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[quote=Anonymous][quote=Anonymous]It seems that this is a bragging thread.  Only one person claims to NOT pay off their cards in full every month?  I call shenanigans.

We do our best not to have to use credit cards, but it sometimes happens.  Like 2 emergency vet visits in one month that we couldn't just cover out of cash flow.  Shit happens.

I pay as much as we can monthly, but sometimes unexpected expenses come up that are not budgeted for that you can't just say "we just can't afford it and won't pay it" (imagine telling the vet or the car repair shop that you aren't going to pay - HA!) and not everyone has emergency funds that cover such things.[/quote]

Well the OP did ask how many people do pay it off--not really bragging.  That said, you are right, that to do this you have to live within your means and either have a HHI that exceeds your spending or have a decent emergency fund, such that you can cover unexpected but unavoidable expenses (like the car repair or vet bill).  We've budgeted so our income covers our expenses.  But also saved (and replenish when we draw down) so if something expensive arises we don't have to incur debt for it.  We are lucky to have been employed throughout the recession but we've also been conscious of our spending and savings and prioritized building an emergency fund.  I understand not everyone can do that, but I bet that's how all the people on here can HONESTLY respond that they pay off their credit card bill each month.  [/quote]

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