Put THAT in your pipe and smoke it, Discover Card!
This afternoon I put 4 envelopes in the mail. Each envelope contained a cashier's check in the total amount owed to each of 4 credit card companies. The combined amount was just over $2,000.
Yes, we are out of credit card debt and we've cut up our cards.
BUT, we're going to keep one card with a limit big enough to buy airline tickets, or a set of tires, or some other unforeseen expense, but small enough to pay off within three months.
Whew. Feels good! Now we have to buy Kevin a truck, which will require financing. I know, it's like slaying an orc only to turn around and face an uruk-hai (thanks to Burb for technical information), but at least when you make payments on a truck you can see and drive what you're paying for. I have no idea what I'm paying for when I make a credit card payment--gas? That fabric I bought last year? The thrill is gone.
This weary debtor is beginning to see the sun!
Yes, we are out of credit card debt and we've cut up our cards.
BUT, we're going to keep one card with a limit big enough to buy airline tickets, or a set of tires, or some other unforeseen expense, but small enough to pay off within three months.
Whew. Feels good! Now we have to buy Kevin a truck, which will require financing. I know, it's like slaying an orc only to turn around and face an uruk-hai (thanks to Burb for technical information), but at least when you make payments on a truck you can see and drive what you're paying for. I have no idea what I'm paying for when I make a credit card payment--gas? That fabric I bought last year? The thrill is gone.
This weary debtor is beginning to see the sun!
posted by lulu | 1:33 PM
1 Comments:
Good for you guys!
And, hey, isn't automobile debt considered to be good debt? At least it is (as you say) tangible debt.
I am considering reducing us down to one credit card again. We got the second one a while back so I could build up my own personal credit history. (I didn't even have a credit card until T & I got married.)
We might go back to one just for simplicity and to maximize the bonus points/cash back/rewards all into one fountain. Besides, our American Express Delta connection isn't making us fly more than we would anyway--and Delta is probably going backrupt soon, besides.
Post a Comment
<< Home