No More Credit Cards!

lucky you you are damn lucky to have come out of the credit cards. GOD BLESS you with more and more cash. NEVER again go to the credit cards, however lucrative the offers seem. GODBLESS YOU. AND goodluck

Dang, am i lucky ive never even had a creditcard, reading your story its best to keep of it dont you? Ofcourse you want to spend, its to tempting to dont, and like you said u and up having nothing for saving, luckily ive never had this problem (as i dont have a creditcard, i mostly use cash)

Credit cards are for people who has self control and discipline. If you think you're short of these then don't get credit cards.

If you have a credit card you are responsible for using it properly, then if you failed to do that, then you end up paying lots of bills plus the interest. I got my new credit card, what's nice is they don't give you any interest if you paid it on time of the due date. If your not going to use it, you'll not be charge. The reason why i get credit card is for incase of emergency. I got two debit card too which is more ideal to use coz you don't need to pay interest, so you can manage your money very well. All we need to do is self-control in spending. Happy posting.

Oh!You have writen off all your credit cards!Yes if you have credit card,you might spend the money you don't have.You have to pay back money sooner or later!I think you should restrict yourslf to earn more money and the money you spend!Only do this you might save much money which you can use when the rainy day!

Hi, There are pro and contra when using any credit card or debit card or any other debt card, For me, before I'm using a credit card, i must make sure i can pay the debt amount back quickly as i can. Usually when i'm going to shopping groceries, i didn't bring too much cash money, first' it's about my security, we didn't know when someone will follow us and try to rob when they see we bring too much money, i'm aware about it. After paying groceries with credit card, i'll go to ATM machine and pay the amount back. Sometime when i need to stay in hotel or resort for my work, i'll use my credit card to pay the fee, but it's OK for me cause i can pay it back when i claim from my office. It's fine using a credit card if you know how to manage your financial account. My wife and I, have our own financial account, just a simple account create from Excel doc. From it we will know how our financial goes to. And if we want to buy anything like TV, refrigerator or other appliances, we will find a zero interest payment store and make sure we can pay the amount monthly. It is a dicipline act that we must follow. I also got a debit card, but i didn't try it wisely. This debit card need enough money to make a payment, as example, when i buy petrol in pump station for $50, they'll deduct $150 first, then will repay $100 back to your debit account 1 day after. If, i only have $50 in my debit card, how i can buy petrol when there is no ATM machine to get cash?. Huh.. that is the problem. However, when you buy other thing by using debit card, there is no problem at all. No need to bring cash and no worry about losing your money when you misplace it. I think credit card or debit card that you are using right now, It's just how you can manage your financial, That's all.. It's just my opinion..

If not used prudently, credit cards can be very dangerous! I have 2 credit cards that I use for everything. One credit card gives me 1% cash back on my purchases and the other one give me 5% back on my gas purchases. I use the credit cards for everything, leave my money in the bank and transfer my payment when it's due. I pay my entire balance each month so there's no interest to pay. I know how much money I have and I don't go over it.

wow...congratulations pal. I do have 2 existing cards at present..another 1 arrived yesterday but I can't remember when I have applied ...?..I somehow feel dependent to this things lately...some things are swiped eventhough it's really not that important..*sigh*

Hi there, it's very expensive to have so many cards! I only have one now and I use it to make big purchases but I'm thinking of canceling my account as well. Many financial analysts reiterate that paying by cash is the best way to curb overspending. :) SO that's a really good decision you made today. I'm proud of you man. Just make sure that you don't carry too much money in your wallet otherwise you'll end up spending a lot still...

credit cards ae for banks who provide ypu knowing your bank balances and insted of putting ideal use it for circular flow of funds thats why people are poor bcoz rich people keep their cash in banks

Congratulations that you also made it and I also encountered the same way with my credit card until the time that my wife would ask me to stopped using the credit card and we have to surrender it from 3 years ago after we do all the debt from my Mastercard from 3 years ago but I still have another card in which I do used it only when we go for vacation time in case of emergency and it is my wife who keep it......

Yes, you are right. I have never known how much money I have since I get my first credit card. Though the credit card is very convenient when paying, but you will feel that these money expended is not yours. Unfortunately, on a same day every month, you will be astonished that you have owed bank so much money!

Agree, Holley. Actually the credit card is a legal shark.What the different between them?One legal another one illegal only.What make you think they are hire so many money to promote the credit card?Where the money come from?

I love the prepaid card,either visa or mastercard Netspend.Sometimes I get a physic feeling and this company will go a long way.They afford alot of spending freedom for people with bad credit!You can also pay your bills online,direct deposit,send a friend some money,link it to your cellphone etc.Now they have a savings account feature that is accompanied on your card,use it anywhere and it looks no different. www.netspend.com

I'm tremendously jealous! I pride myself on living a simple life, and we never used credit cards, til a few years ago when hubby hurt his knee and was off work for two or three months.. that's all it took, to use credit cards during that time.. we've not caught up since!

Good for you!! I do have 1 with a low limit for emergencies. I used to have 5 and have went down to the one. I don't want in that mess again.

[i]Hello Beruang, If you know how to manage your account and credit cards you will have few problems. The rule is don't spend more than what you earn. Live within your means. In case of credit cards, you have one month to pay all your debt. After that it earn interest. So you list all the thing you bought using your credit card and alllocate money to pay for it when you bill arrive. Don't leave anythin, pay all the balance at once so it won't earn interest. I also have only one credit card because you need it. It is becoming necessity now to have a credit card, specially when you travel. Just like your debit card and cash now. Treat credit card like it and you won't fall in debt. Good luck and good decision you have in eliminating all your debt. Regards.[/i]

Bank is something funny.It seems that banks can do us much good for us with so much money there.However,the interest we pay can do us more harm than good. I must be cautious when dealing with the finantial problem in bank. Giving the money to the bank is so ridiculous for I even haven't used the credit card.I'm glad I can meet one who have the same idea with me.

Congratulations with destroying your creditcards! Ofcourse, I'm meaning this in a positive way, because I had a Mastercard on my fathers name as well, which I was allowed to use til' an amount of 5000 Euros. Well ofcourse, this was the worst thing that could happen, cos' I was only 15 years old, which means I don't know how to spend money. All the 5000 euros went away to stupid little things and games that I bought..i've just thrown all that money away! Nowadays, when I'm thinking back about it, I just feel ashamed that I could do something like that.. That's why I always tell everyone that they shouldn't use, or get a creditcard. Even if it would be for emergencies, it still is a irresponsible thing, because you can spend the money that we don't even have yet! Same thing I am thinking about loaning money from some company, because you will need to pay big money back to them, in usually 5 years.. I always recommend to just WAIT, with buying or spending something that you want, because saving is much and much better. There are even many advantages in it, because in the loop of time the prices will decrease, and you will be able to buy it for a better price, or maybe you don't want it even more! You should always watch out and write down how much money you can spend, what you need to pay, and what you wanna keep aside for bills. At least, this is what I always do !

i got into credit card trouble this past fe wmonths.. actually,im still in trouble.. im starting to pay off all my debts from my mastercard.. can you give me tips on how i could pay them off immediately.. i have been working my a@@ off just to be able to earn extra to pay them immediately.. if im unable to pay them off,will this get me into jail?