Why is it so hard to give up credit cards? Got a story?

Question

I don't use them to extreme ( but I have in the past)--just can't give them up entirely (fear of emergency). And then they creep up. I only have two major credit cards and my plan is always to pay them off entirely each mo., but I never do. This makes me feel weak and stupid.
Do you have any advice or a story?

Answer 1

You need financial discipline. Plain and simple.

First - Immediately pay them off in full.
Second - Cut up one of the credit cards but keep the account open. (it helps your credit rating)
Third - You can use your remaining credit card but only purchase what you "need" and spend no more than your income.

Don't let the credit card companies make money off of you! Pay your bills on time and the credit card companies will never get a dime!


Don't listen to the guy that says "you don't need a credit card." You need to establish a good credit card history so you can get great rates on a home loan. Its important!

Answer 2

I haven't used or needed a credit card for over 2 years, you shouldn't need one either. What kind of emergency will a credit card fix?

Answer 3

Do not carry them with you. Or keep one with you but keep it in an envelope sealed with duct tape so you can't just whip it out whenever the mood strikes you.

Or when you charge something, write a check to your credit card company for that amount and send it in immediately. When you see your checkbook balance going down, you will think twice before spending.

Answer 4

Hmm I dont really have that problem. I just got my first credit card.

Answer 5

Don't keep more than one credit card.

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