i am on a mission to clear all credit debt and revert back to the days when if you wanted something you had to work hard and save up!! If i can do it (so far), anyone can!
2006-09-02 10:13:24 · 34 answers · asked by geraldine 2 in Business & Finance ➔ Personal Finance
We use to be in over $50,000 in total debt (not including the house). It was so bad. Never ever ever again.
I didn't grow up with the best parents as finance mentors. They never taught me to save or invest. Through the years, I've made my mistakes and now I'm ready to move on. It's more then just credit card debt, it's about chaning your lifestyle. Dave Ramsey calls it the "Stupid Tax".
-Angela
Rat Race Club: http://www.ratraceclub.com
2006-09-02 10:40:35 · answer #1 · answered by Biancoa 4 · 0⤊ 0⤋
No credit card debt even though I use a credit card for virtually everything I buy. In the past I have used it to pay college tuition and vacations.
I have no debt because I never charge more than I can pay at the end of the month...never.
Why do I use a credit card if I have the cash? Because I have a cash-back reward card. I am being paid to use my card - and it has no annual fee. Additionally, I get interest on my savings for the extra weeks it is in the account.
It works for me.
2006-09-02 10:24:32 · answer #2 · answered by carolewkelly 4 · 1⤊ 0⤋
i do not do credit cards by law - i watched my little sister max out 3 cards without a care in the world over the next few months she got worst with store cards and loans to pay this crap off..... needles to say she now lives back with my mum as her flat was reposesed and her boyfriend left because she lied for to long to cover up the debt she was so ashamed that she had put them in.
Never will i get into that sort of mess, if i can't afford it - I WAIT!!!!
2006-09-02 10:24:37 · answer #3 · answered by jk447388 2 · 1⤊ 0⤋
Too much, and it will take a while to get out from under it, but luckily we are on the right track and not generating any more credit debt.
2006-09-02 10:15:12 · answer #4 · answered by But why is the rum always gone? 6 · 0⤊ 0⤋
A thousand pound left, used it for training purposes, then increased my income by an extra 200 week,the debt (interest free card) will be paid off in few months but still gaining extra wages for years to come. Will only borrow money if it makes me money in long term. will do additional training in 12-18months time again.
2006-09-02 21:32:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I use my credit cards a lot, but I always pay them off at the end of the month. It is sensible to use a credit card for major purchases as it gives safeguards on all purchases over £100
2006-09-02 13:10:50 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Just a teaspoon full of credit card debt I had it clear for awhile but something come up and I had to use it,. But I almost have it cleared again.
Good luck you can do it.
2006-09-02 10:20:17 · answer #7 · answered by Tom Sawyer 6 · 0⤊ 0⤋
No debt I dont have a credit card
2006-09-02 10:15:17 · answer #8 · answered by Maid Angela 7 · 1⤊ 0⤋
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2014-10-22 20:40:08 · answer #9 · answered by Anonymous · 0⤊ 0⤋
$2000, and Im a full time college student so its hard to pay it off, but I'll do it. I have not spent ANYTHING for myself for the last 6 months, and every penny went to my credit cards. Almost finished, thank god.
2006-09-02 10:19:44 · answer #10 · answered by Anonymous · 0⤊ 0⤋