Goth face

The final cut

I finally did something I'd been thinking of doing for a little while now. I cut up one of my credit cards. I was at work the other day and we were all talking about how our paycheques are pretty much always gone within minutes because of bills that need to be paid. I was saying how one of my biggest problems is that I pay off my credit cards but then max them back out between paycheques. Usually, I end up buying things that aren't necessities too so it's not like I NEED to keep the credit cards in order to survive (let alone three of them). So, I grabbed my scissors while I was at work and cut up one of my mastercards. It's the only way that I'm going to pay it off... and as it stands, it's going to take me quite a while. I'm just thrilled that I did it and got the ball rolling.

My biggest problem with the credit cards it that I buy something, knowing that I'll have the money to pay it back but then spendin the money when my paycheque comes in, instead of putting it all onto the card. Having three cards was a bit much and I had been wanting to get rid of one of them but up until now I've just kept all three. I probably won't get rid of the other two because there are a few things that I like to do (i.e. - rent a car, reserve tickets online...) that require one. Eventually, I plan to get the limits lowered on them so that they're a bit more reasonable. One step at a time though.

So I'm feeling liberated and motivated by the cutting of the card. It seems such a small and perhaps silly thing but sometimes that's all it takes. :)
  • Current Location: home
  • Current Mood: chipper liberated
Liberation is a nice feeling! Maybe I should lower mine to like a thousand or something now that we have shifted the balance - or just cut it!
It might be worth hanging on to it at a lower rate but if you have the other one as a joint card it might not be necessary. It would probably be good to make it a low limit card if you are planning on keeping it though. Less temptation that way! ;)
Well done! I think your goals and your approach are quite reasonable.

I actually have only 1 credit card (used for cases like rental cars and airline tickets) and I have never upgraded it from a student's credit card with a $500 limit. Cause I have those temptations too, and I find even with that low limit, there is a balance on it more often than not, that I am unable to pay off all at once.
Thanks. :) I'm feeling pretty good about it.

One card at a $500 limit sounds pretty reasonable to me. My limit has been increased automatically by the card companies that it's way too high now. I'll be glad to get them to a point where they can be lowered.
Wow, good for you! Did you hold your breath and hesitate, or did you cut without thought and remorse?
I had one credit card in all my life (so far), and my dad cut it up on me before I even got a chance to use it. Seemed like a good idea at the time, but damn, I haven't been able to get another card since. They are necessary demons for renting cars and shite, like you said.
Amazingly there was absolutely no hesitation. I just knew it was time and cut it with zest!

I do find they are necessary demons but definitely not three of them at over $5000 a piece! haha Definitely looking forward to getting this one gone for good.