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

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[quote=Anonymous]Always.

I use my CC for everything, then pay it off each billing cycle. DH, too -- this way we earn cashback points (or at Target, 5% discount).

For those saying you must incur consumer debt to live...I grew up in a poor rural community, worked 4 part-time jobs through college (there were no full-time jobs in my area so I had to cobble together part-time ones), full-time plus (full-time plus a part-time job) through grad school (put myself through), and lived without many amenities (no cable, voice-only cell phone, ate out only 1 time per month, etc), no pets as they are a major expense, no car (metro, bus, or bike). Did this until DH and I were 30 and we actually had had decent paying jobs for several years, and could afford a DP on a house and emergency fund. We do now have a comfortable HHI (but we started out with an HHI of $23K when we moved to DC 10 years ago!). Single parents, I feel for you, that makes it so much harder -- but I would always cut frills (like pets) over carrying debt.

Things like pets, vacations, and cable are luxuries, but everyone expects to be able to have them. You [i]can[/i] have them, but unless you have lots of extra cash, you will end up going into debt to pay for them. It is all about priorities, and frankly, the lower your HHI, the more I feel you should prioritize avoiding consumer debt. [/quote]

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