I am not comfortable with it at all. I can only think of 1 time in my life where I carried a balance and that was only for a couple months. I charge on my credit card, but pay it off every month.<br><br>
I think my view on this comes from my parents drumming it into my head that credit cards are not to be used as money you dont have.
I haven't had a credit card since 2002. I just paid the last one off in November. That is 5 years of paying off credit cards. My credit is pretty much ruined and I will probably never have a credit card again just for the reason that I can not be trusted with one. Yes I have learned my lessons yadda yadda yadda but once a spender always a spender in my book.
i left graduate school with $35,000 in credit card debt. It is now 5 years later and it is almost all paid off. I went to a debt counseling place 5 years ago to remedy the debt. I will pay off my balances in full, but the rates were significantly reduced. I am looking forward to no longer paying that lump sum every month <img alt="smile.gif" src="http://files.kickrunners.com/smilies/smile.gif"><br><br>
Credit card commercials make me ill. "Priceless"???? Not when you are paying 24% interest on it <img alt="sad.gif" src="http://files.kickrunners.com/smilies/sad.gif">
I used/abused credit cards in college. It didn't get outrageous (compared to the debt that a lot of people carry) but I finally saw the error of my ways, cancelled the cards and finally got them paid off a few years ago. Huge accomplishment for me.<br><br>
I have a Sears card that has just a little over $1000 on it from when I bought my appliances. It would be paid off 'cept I had to take on a car payment a few months ago, so the pay off will be a little slower than planned. I haven't opened any other credit cards, and don't intend to for a while, if ever. I don't think I can handle the temptation.<br><br>
Having credit card debt makes me nervous.
We tend to carry around $5000 most of the time on a 0% card. We pay it off, then use it to buy something like a car. Then we sell the old car and pay off the card. We generally will have a balance for a month or two and then pay it off and then use it and then pay it off. We pretty much only use it for big-deal things--I'll use it for my hospital stay, then pay it off.<br><br>
I'm thinking of getting a rewards card and using that instead though after the babies are born--the plan being to set up automatic payments on all our bills through the card, then making one monthly payment to pay the cc balance, that way I don't have to pay quite so much attention to the checking account...
Oh and I'm keeping a credit card. It has 0% APR until next Feb, then 14%. I'll pay the balance off each month. It's more for my own private uses that I don't want to use Nate and my shared account for (like gifts or surprises)
My Home Depot card has about $3000 on it right now. But that is because they have no interest for a year. I figure I can use that $3000 for more important things right now. I try to never have more debt than I could pay off on the spot if I needed to. A little debt is not a bad thing. My credit score is perfect. Of course, on paper it looks like I have paid for half of my house in 4 years, as well as completely paid for a car in a lump sum and some other major purchases that were on my card and then "paid off" in a month.....
We pay off every month. Occasionally we will buy something bigger and spread it out a bit, but now that we aren't servicing debt every month we tend to be able to pay for the bigger items outright. It too us about 4-5 years to get to there from having around 10K. Don't want to go back to that!<br><br>
We still have about 30K in student loans though <img alt="sad.gif" src="http://files.kickrunners.com/smilies/sad.gif">