Are you out of debt or not?
anyway I applaud you for your courage, I have all but one of our credit cards locked away all with zero balance, yet I'm not seeing myself cutting them up, why? I just don't have the nerves.
although we're trying not to use the one we carry; which we almost did. Actually I can say we didn't use the cc because we use only did as a mean of of tracking spending when we went out of town the first week end of August plus I had the money waiting to pay as soon as I got to my computer.
I'm not out of debt. I needed to shred the cards in order to stop using them for 'emergencies', that probably weren't emergencies (guitar hero III? not so much.). I'm going to be framing the shredded cards in a small frame, and place it on my desk here at work, so I can remind myself that I have the control in this disastrous relationship. The cards can't shred me, but I can shred the cards.. HA!
Your emergency fund growth will not counter your credit card interest if you have to use the CC for an emergency. Learn to touch the EF when appropriate.
You're absolutely right. Credit Card interest... 8%.... Emergency Fund interest... 3%. I just don't want to start dipping into the EF for gas money... Either way, I don't plan to use the CC ever. Only if 10000% necessary. I have control now. I had it before, and I have it again. If something real big comes up, I'll be using the EF, not the CC, like I always had before.
Everyone Else wrote:
Thanks everyone for the kind words... It's people like you that make me want to succeed.