Comments on: Credit Abuse Like Alchoholism? http://www.askmrcreditcard.com/creditcardblog/credit-abuse-like-alchoholism/ Latest Credit Card News, Reviews and Information Thu, 09 Feb 2012 07:48:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: credit card merchant processing http://www.askmrcreditcard.com/creditcardblog/credit-abuse-like-alchoholism/comment-page-1/#comment-114325 credit card merchant processing Mon, 03 Aug 2009 05:55:09 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=7461#comment-114325 That is probably true, but I have never known anyone to charge and drive and kill a whole family, but on a serious note it is a problem. That is probably true, but I have never known anyone to charge and drive and kill a whole family, but on a serious note it is a problem.

]]> By: Jonathan http://www.askmrcreditcard.com/creditcardblog/credit-abuse-like-alchoholism/comment-page-1/#comment-114109 Jonathan Sat, 01 Aug 2009 13:03:31 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=7461#comment-114109 I finally converted from carrying thousands in debt to a deadbeat, but it was one of the hardest things I've ever done. I've kept the credit cards, but they are all payed off in full. One thing that helped was getting a charge card which feels like a debit card (and pays for itself with the amount I spend), so I never trap myself in to thinking I'll pay things off later. To be honest, I have a hard time seeing where I would ever want to finance something on a credit card again. In many ways I've bought in to the whole Dave Ramsey idea, but I keep the cards and practice self discipline. You have to understand your own psychology to be able to keep the cards, but it's possible for some people who are debt prone. The only reason I keep them at this point is business travel and for my credit score. The secret is living below your means and saving money month after month. It's a sad reality if you've been living any other way, but to solve your money issues, it's what you have to come to terms with. After you do, it's extremely liberating and I could never go back to the stress of being broke and living on credit. Every temptation to get back in to debt is countered by memories of the consequences and the new peace that I've found. I finally converted from carrying thousands in debt to a deadbeat, but it was one of the hardest things I’ve ever done. I’ve kept the credit cards, but they are all payed off in full. One thing that helped was getting a charge card which feels like a debit card (and pays for itself with the amount I spend), so I never trap myself in to thinking I’ll pay things off later.

To be honest, I have a hard time seeing where I would ever want to finance something on a credit card again. In many ways I’ve bought in to the whole Dave Ramsey idea, but I keep the cards and practice self discipline. You have to understand your own psychology to be able to keep the cards, but it’s possible for some people who are debt prone. The only reason I keep them at this point is business travel and for my credit score.

The secret is living below your means and saving money month after month. It’s a sad reality if you’ve been living any other way, but to solve your money issues, it’s what you have to come to terms with. After you do, it’s extremely liberating and I could never go back to the stress of being broke and living on credit. Every temptation to get back in to debt is countered by memories of the consequences and the new peace that I’ve found.

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