On 2014-10-18 2:31 PM, Ed Pawlowski wrote:

> Many years ago I had credit card debt. One day I was thinking, I could
> sure use and extra $30 until payday. Then my credit card bill came and
> the interest charge was over $30. It hit me hard that the CC card
> company was not helping my financial situation so I paid it off and
> started saving more and paying cash for discounts. I do carry a debit
> csrd and a couple of CC in case I'm short on the green folding stuff,
> but i try not to use them.


I have a been a good boy with my credit cards. I used to use them in the
days before bank cards when we had to go through all sorts of hassles to
write a cheque. It was easier to just use the credit card and pay it at
the end of the month. Only on a few occasions did I use it as short term
credit, but even then only if the money to pay it off was going to be in
my account on time.

I am shocked at the credit card debt some young people have got
themselves into. I remember a coupe friends who had trouble scraping up
the money to make their minimum payment. Then one of my nephews go into
deep CC debt. He let it slip that he owed more than $40,000 on his
cards. The monthly interest would have been more than my monthly charges.