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

Forum Index » Off-Topic

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]My husband and I didn't, and now we are on a mad mission to pay off every piece of consumer debt [/b](August 2013, here we come!)  We both paid our own way through college, and worked on campaigns as youngin's and now we are paying for using credit cards badly. I'd love to say I lived lavishly in college, but even then I worked two jobs and went to school.  Ugh. I'll also be teaching my kids how to use credit properly.  [/quote]

Was there something that inspired you?[/quote]

As silly as it sounds, having a kid. We have decent credit scores, despite the amount of debt, and were able to buy a house (in DC proper). Once the lil was born it became clear that we needed to save a lot more money and the easiest way to save more was to stop donating to Visa and Mastercard every month. So we bought Suze Orman's books, learned we were doin' it wrong (saving instead of paying off debts), and switched our focus. Our savings accounts weren't huge after we bought our house, but we through it all at the highest interest-rate card, got one more card with no interest, and we transfer debt to that card, pay it off, then do it again. Just having a plan makes me feel so in control, and that there is a goal date makes it real.

Parents - teach your kids how money works.  Seriously. It sounds so obvious, but I think it's a learned skill. [/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