Are you a Credit Card Addict?

credit card addict lady - this is a quick doodle done by my hubby using paint program & enhanced using CorelPhoto Paint
@faith210 (11233)
Philippines
July 18, 2007 11:43am CST
Have you ever heard about Mary Hunt and her book The Financially Confident Woman? Well, she was unemployed and $100,000 in debt when she made a choice to either give up using her credit cards or face financial ruin. Here's a checklist from her of what i call a credit card addict. See if any of these descriptions apply to you. 1)I am always near the limit of my credit cards 2) I often use this month's income to cover last month's bills 3) I can't imagine living without credit 4) I worry about money quite a lot 5) I don't have a formal savings program 6) I have lied to my spouse or creditors about making payments 7) I know I should give money to God but there's just not enough right now 8) I've taken a cash advance on one credit to make the payment on another card. If you checked some or all of these items, get help, quick! Ask friends to help you gain control; maybe you can tear up your credit cards. What do you think are the action plans that could help credit card addicts? To be honest with you, i know i am a borderline credit card addict and before i become a full-pledged one, i want to gain control. i hope you could share some insights and advices.
6 people like this
25 responses
• United States
4 Aug 07
I am not a credit card addict..I just have one: Capital One..They give you cash back on all you spend:)
7 Aug 07
hey faith! i may consider this one for myself...lol.. Capital One.
1 person likes this
@faith210 (11233)
• Philippines
7 Aug 07
Hi littlefranciscan! Wow, I wish we have Capital One here! LOL! Have a nice day!
@faith210 (11233)
• Philippines
7 Aug 07
Hey singlepixel! Good luck then and put on your brakes when shopping! LOL
@TerryZ (22147)
• United States
16 Aug 07
Hi faith!Im glad to say none of these apply to me. I dont own a credit card anymore. My hubby and I got rid of them years ago. And its been so much better. They are too much of temptation. No thankyou I will pass on the credit cards.LOL
@faith210 (11233)
• Philippines
18 Aug 07
Hi TerryZ! Good for you and I do agree of the temptation it possessed. Thanks for your response and have a wonderful life without credit cards! haha...Take care and have a nice day!
• Philippines
11 Aug 07
I used to have these wonderful traits but Not anymore because I gave up my credit card. It is a very tempting tool and it got me into trouble. Now I am living a simpler life where in a observe a budget and stick to it's limit. I am seriously avoiding credits.
2 people like this
@faith210 (11233)
• Philippines
13 Aug 07
Hi hersmart4ever! Haha...same here, having those wonderful traits before! I guess, I learned my lesson well enough...no more credit cards for me too. Have a nice day and thank you for sharing. :)
1 person likes this
@maehan (1445)
• United States
11 Aug 07
No, currently I do not hold a credit card in US. Normally I will pay cash for the grocery. I spend within my limit. Since I am not working and a homemaker, I have cut down numerous of expenses that I use to. Like, buying new clothes for myself, eating at home rather than restaurant, my sons start making his own toy by using recycle plastic bottle, cardbox.... not bad, they are more creative than before. For instance, previously when I am working, we tends to visit the zoo, thereafter dine in restaurant and relax at coffeebean/ice-cream parlor. Now, after the zoo, we have picnic at the park, thereafter rest under tree enjoying the breeze and have cool drink from our cooler box.
2 people like this
@faith210 (11233)
• Philippines
13 Aug 07
Hi maehan! I agree with you when it comes to having to simplify life. No more credit cards, just spend within your means and your child becoming more creative. That's what I have been practising nowadays to simplify my life and live the good life. Have a nice day and take care!
1 person likes this
@ayris77 (1304)
• Malaysia
10 Aug 07
NOt i'm not.I dont want to be a bankrupt cause of credit card addiction!
2 people like this
@faith210 (11233)
• Philippines
11 Aug 07
Hi ayris77! Good decision on your part. Thanks for sharing and have a nice day. :)
1 person likes this
• United States
7 Aug 07
I'm actually the exact opposite. If I can't pay cash I don't need it. I detest the credit cards and think they are too easily abused, not to mention the companies hand them out like candy on Halloween. Not for me!
2 people like this
@faith210 (11233)
• Philippines
7 Aug 07
I agree with you absolutely hockeygal4ever! Thank you for sharing and have a nice day! :)
1 person likes this
@a_ce_e (1427)
• Philippines
4 Aug 07
I had a credit card before till it was lost. I can say i am not a credit card addict that time, i always make sure that my expenses fits with how much i earn. I hate to be in a big debt so i always do budgeting. Whenever i use a credit card, it if for sure planned or in some emergency.
@faith210 (11233)
• Philippines
6 Aug 07
Hi a_ce_e! You're a smart one indeed! Thank you for sharing...have a nice day! :)
1 person likes this
@singlepixel (2743)
4 Aug 07
I don't have credit cards and never intend to get one.. I know a lot of people with smiles and 'feeling glamor' to own credit cards but most of the 'addicts' are crying inside when it comes to payback time..lol.. still trying to avoid those calls though...LOL.. ( sir, would you like to...etc.)
@faith210 (11233)
• Philippines
4 Aug 07
Hi singlepixel! Ouch, I think I'm crying inside! LoL! I know what you mean. Have a nice day!
1 person likes this
6 Aug 07
hi there again speedy-faith! (275-wow!) how's your "speedometer" working?.lol...looks like somebody is catching me up REAL fast - i've got nowhere to run!..LOL.. No, I don't mean to insult anyone by my response..lol..not at all..they're just my personal opinion and can be justified as 100% incorrect....LOL...see ya!
@faith210 (11233)
• Philippines
7 Aug 07
Don't worry, I have thick skin so you can't easily offend or insult me..you can try but I'm warning you, I am cold like a reptile...OMG, what am I saying...haha.. Speedometer is good but I need cash! haha... Have a nice day. Take care!
1 person likes this
@ssh123 (31107)
• India
19 Jul 07
I am. Soon I will be quitting by settling the accounts. Never in my life, I would like to use the credit card I am debt trap.
1 person likes this
@faith210 (11233)
• Philippines
19 Jul 07
hi ssh123! i will be praying that you will soon be debt free. knowing that you need to quit means you're on the way to recovery. i know if you just believe that you can do it, you can. determination and discipline are the keys to stay "sober" from it. i hope we will soon be debt free and be freed from the trap that we ourselves created. i admit to my mistake and i do own the faults i made. right now, i am really working very hard and looking for other income to cover up my bills and hopefully, i would also be debt free soon. and when i reached that point, i would really celebrate and treat myself to shopping using my credit card...hehehe...just kiddin! seriously, when i get there...i know i will be very happy and contented.
1 person likes this
@ssh123 (31107)
• India
20 Jul 07
I will clear it by next month. I have $100 in paypal and another $50 will get addedthis month. I may have to put 5 times more than this to clear all the dues which hopefully I will do it in 20 days time. Thanks for your kind gesture.
1 person likes this
@faith210 (11233)
• Philippines
20 Jul 07
hi! i believe that once we set our minds into something, we will make it. good luck and may we earn more.
• Philippines
19 Jul 07
none of those are applied to me..i am not a credit card addict though i had a huge amount of bills to pay..you must be wondering why i could say i'm not an addict and so i had bills to pay aside from the annual payment.. well i was caught up on a very critical point in my life that i was forced to use the card..my daughter got sick and i needed cash and i dont have it during the time and so i needed to cash out money from the card and i did..after several months of paying the debt of 14,000 pesos i found out that i was going any near to cover the bills but instead i was just paying the interest all the time..i get to pay every month but i just cant lessen the bills..i knew that i need to pay the bill all at once to cut it but i am not capable of doing so because i dont have a stable job at the moment..i dunno till when i could get a hold on this things to end but i just knew at least i have to pay the interest to prevent it from raising up..
1 person likes this
@faith210 (11233)
• Philippines
19 Jul 07
Hi angel_of_charm,I know the feeling of having so much bills to pay and no matter how much you want to pay it, the cash on hand is not sufficient to cover such amount. I am no expert in solving financial problems, but one thing I have learned is to set our priorities straight. List down all expenses each month or week and try to do away with unneccessary expenses. Pay bills that yield interests first and if you have a friend or relative who can lend you money to cover up the bills in your credit card without asking for a high interest or better yet with no interest at all, then you must grab that opportunity and be diligent in paying that person monthly. I know things are difficult when bills pile up but if you have the will and determination to overcome this, things will soon be brighter once again. Just remember, at the end of every storm there is a silver lining. have faith!
• Philippines
19 Jul 07
wow..your actually online huh..guess he is on break from the laptop right now..haha..
1 person likes this
@faith210 (11233)
• Philippines
19 Jul 07
hi angel_of_charm! well, he is but i only have 5-10 minutes to go. he'll use the laptop at 11. so my time is almost done. hope to catch you here again. i'm really enjoying and hoping that i'll earn more. hehehe...right now i only have 13 cents.
• Canada
13 Oct 07
Hi faith, No I don't have a credit card and that is just fine with me :) I never ever want one because I have seen what it can do to some people! I have known people who are THOUSANDS of dollars in debt because of credit cards, so I think I'll pass lol. Love & Hugzz, Your Friend, PurpleTeddyBear!
1 person likes this
@faith210 (11233)
• Philippines
14 Oct 07
Hi PurpleTeddyBear! Good for you and just about now, I am really disliking my credit card because two weeks from now, I have to pay my monthly due. Haha..I will be soon giving it up as soon as I have paid all the balance incurred. Thanks for sharing your thoughts and have a nice day. Take care friend.
1 person likes this
• Canada
15 Oct 07
Your more then welcome for sharing hun.
@Dee351972 (743)
13 Oct 07
I am not sure if i heard of her. We have one card that is all. I think though that sounds like my husbands father. You have to be carefull with credit cards. It doesnt take long to get in over your head, we had them when we were younger but lost them. We are finally getting our credit a littl better. When you are young you do stupid things with money.
1 person likes this
@faith210 (11233)
• Philippines
14 Oct 07
Hi Dee351972! I completely agree with you. As for me, I will be giving up my last and only credit card as soon as I paid off the balance soon. And you are right, most of the times we commit some not so wise decisions regarding money. Thanks for sharing your thoughts. Have a nice day and take care.
1 person likes this
22 Oct 07
U are welcome. I have leanred from lots of mistakes money wise.lol We now for over 3 years been doing ok and should be buying a house soon. Well we have it just where we getting loan through keep thrwoing crap at us.lol
@sr0415 (1140)
• Philippines
31 Jul 07
Hi faith210! I am not a credit card addict because I never had a card in my whole life!! *hehe* But I applied for one recently, and hopefully I'll receive my cc in my mail a week from now. :) I was able to work in a credit card company and I know how convenient having a card, and at the same time, how hard it is when it is "pay-off" time. *hehe* The interest are just so high! But I believe that if you just know how to manage the way you handle the credit card, then you'll never be overwhelmed with the bills. :) I am the only one in the family who got a fixed income, so I find ways to earn extra. And also, I save some of the money I received during payday and invest them. :) It's better to have something when "rainy days" come. :) take care and God bless! (",)
@faith210 (11233)
• Philippines
1 Aug 07
Hi sr0415! That's wise thinking! I was able to control using credit cards before but the real trouble came when a so called friend of mine asked for help which I readily gave, used the cash advance in my credit card...and when she got the money, that's the last time I saw her. Anyway, it was my responsibility and no one can be blamed but me. It's alright, I learned my lesson the hard way though. :)
@sr0415 (1140)
• Philippines
1 Aug 07
Hi faith210! :) You're such a thoughtful and helful friend. You deserve to be helped in times when you're the one who needed the help in paying the bills. How I wish your friend find ways to help you get through with the financial burden. In the first place, you helped her. She (or He) shouldn't have left you hanging with the bills. Take care and God bless! (",)
• Kuwait
10 Nov 07
I dont use credit cards,im afraid to loose control on shopping and be burried on credits. i like to have some amount of money on my pocket to spend how ever i want it. if it finished then im on my limit without credit. Thanks for sharing response to my post..
@faith210 (11233)
• Philippines
10 Nov 07
Hi annettenasser! That is a good way to control oneself in shopping. haha..Thanks for sharing and have a nice day. Take care. :)
@leo1985 (164)
• China
27 Oct 07
I have severval credit cards but I seldom use them to buy goods but to use real money.because I think that you use your credit cards,you will not have any feelling that you are spending to much money than you can afford.
1 person likes this
@faith210 (11233)
• Philippines
27 Oct 07
Hi leo1985! That is absolutely right! That is precisely the reason why most people spend more than their earning capacity. I, on the other hand, didn't spend it for myself, I used my credit card for cash advance to help a friend who promised to pay but well, I got scammed! I never saw her again. That is a big lesson in life I will never forget because until this day, I am paying her debt. Thanks for your response and take care. Have a nice day.
@marciascott (25563)
• United States
25 Oct 07
Yes I am a Credit Card Addict, I have 5 of them, and I am waiting on another one. They called me up and said I would be approved for one for 7,000 I don't believe it I will believe it when I see it. I am always maxing out, as soon as I pay on a credit card I end up using the money for gas or something. If they send me this 7,000 credit card I will pay off the other 4 they are not much.
@faith210 (11233)
• Philippines
26 Oct 07
Hi marciascott! Wow, 5 credit cards? I guess, I can only keep one because I might be out of control. haha.. Thanks for your response and take care. Have a nice day.
• India
15 Oct 07
Dear Felicity.. I have no such problems..'coz i know some people who are experiencing atleast some of the above probs...and they have warned/i have learned from their experience and i decided not to have a credit card.. and till this day i dont have one.. and hence i can't give any advice to you, my friend, but one thing is for sure.. whether you have credit card or not.. Before going in for a purchase make double sure whether it is necessary or think a while if you can manage with the existing one.. Happy mylotting..and Enjoy Peace Within
1 person likes this
@faith210 (11233)
• Philippines
15 Oct 07
Hi saivenkaat! Your advice is really appreciated. Thanks for your response and sharing your thoughts. Take care and have a nice day.
• United States
13 Oct 07
At one time I was a heavy user. I did not have many of the money problems described. I was at that time earning enough to pay the bills and cards, but I did carry a balance on many of them. Then one fine day I was doing my taxes and discovered I had paid $1200 in interest that year!! That did it for me!! I immediately cut up 24 of my then 26 cards and sent them back. Of course, they simply reissued me new cards with a new higher limit, but I sent those back and requested no further cards. I stuck to a tight repayment budget until all but the remaining two were paid off and gone. Then I killed one of those lol in the same way. Since that time, 1985, I have had only one card. The limit is enough to overcome most emergencies. I use it once every three months for $20 to keep my rating up and the limit goes up every year because of that. Now I only have that little $20 bill on those months to pay. All else I now handle with cash. I am so much happier without them. Now it was a drastic way to get out, and if the payments are a problem, there are some recommended methods. I have read many and have had friends who tried some of them. IMHO, this is the best way. Line those babies up, check the FULL balance, line em up from least to highest. Pick ONE card you are going to keep as the only one you'll have when you are done (pay this one off last). Now, make minimum pays on all but the smallest, make doubles on that one until paid off. Cut it up and cancel the account. Then tackle the next one, send in the minimum payment PLUS the amount you were sending in for the one before. Same process. Each time one is paid off, cut it up and CANCEL the account. It will seem like forever, but before long you will have only the one card, all paid up. Then keep it active with a tiny purchse three times yearly and send in your check the day you make the purchse (so it will be an early payment). This will cause them to raise you limit yearly if not more often and keep your rating at triple A standing. As an ex-plastic junkie I wish you luck. You can do this. And it feels so wonderful to have you paycheck for yourself again.
1 person likes this
@faith210 (11233)
• Philippines
13 Oct 07
Hi catskisses! Wow! Thank you for that very sound advice. I only have one card left as of now. I have been paying in cash for all my purchases since then and have just used my credit card for emergency purposes only. But the real culprit for my financial ruin at the moment was I helped a friend who I thought was really in need of financial help and I made some cash advance for this person..and guess what, I never saw her again. Well, it was my fault so I have to carry the burden. So, I am paying her debt which became my debt each month for 8 months now. Really appreciate your advice..Thanks. Take care and have a nice day.
• India
12 Oct 07
I am not a credict card addict.But i have a credit card and i uses it rarely.If i start using it regularly,my buying tendency increases.So,i stopped using it.
1 person likes this
@faith210 (11233)
• Philippines
12 Oct 07
Hi sreejithsreenivas! Wise decision! Thanks for sharing and have a nice day.
• Canada
18 Aug 07
I don't like credit cards, I don't believe in credit cards, and I don't want to have my own credit card either. On the other hand, a credit card is needed for certain transactions on line. For these transactions I got myself a Visa check card from my bank, in the USA. They don't have check cards in Canada, so I got one in the USA. This is good because I can use lt like a credit card, but the money comes right out of my account, so I don't have any bills to pay. I keep track of this the same way I'd keep track of a check book.
1 person likes this
@faith210 (11233)
• Philippines
18 Aug 07
Hi danishcanadian! Yes, I do agree that it has its good functions or usage. It is people like us who misused them. haha. Thanks for sharing your view and have a nice day. Take care!