8/09/2009

Good-Bye Credit Card

Posted by with 9 comments | in
In efforts to stick to the magic jars and pay off my credit card, while avoiding another epic jar fail, I've decided to actually cut up my credit card. This is a big deal for me.

My credit card is my crutch, it's my emergency fund, my I want it fund, it's my I didn't budget for enough groceries and I'm hungry fund. My credit card, is the only thing holding me back from being super happy with my finances.

I am not willing to let it and my constant use of it to control me, my finances, and my state of happy any more.

So, bye - bye credit card.

I actually cut it up on Friday so that I couldn't use it at all this weekend. I feel, well, I'd love to say that I feel good about it. At this point I'm sort of neutral. We'lll see if this helps stick to the plan.

9 comments:

  1. Mom leaving Shuswap9 August 2009 at 09:07

    That was a tough step, wasn't it? Good for you! You will win!

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  2. Jessie9 August 2009 at 10:45

    Not having it hasn't really hit me yet, I'm sure it will right about the time I run out of cash....so, we'll just do our best not to do that.

    ReplyDelete
  3. Anonymous9 August 2009 at 10:51

    GOOD FOR YOU!!!!!!! This is going to help you tremendously!!!! :)

    ReplyDelete
  4. apieceofwood9 August 2009 at 11:18

    Well done.. that's brave.. I'm not sure I could cut mine up... Not seen your blog before, but have added you to my reader - will be back!

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  5. Money Funk9 August 2009 at 14:20

    Woo Hoo. The feeling will get better. I know that I felt neutral after I cut up mine, too. You will learn to live without it. :)

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  6. Nelson9 August 2009 at 23:13

    I don't think I'd be able to do that. Mostly because Linsday wont tell me where my cards are...

    :-)

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  7. SS4BC10 August 2009 at 12:41

    Wow. That is really impressive. I still will never cut mine up. Hide them, bury them, freeze them, make them near inaccessible - but never cut it up. That lingering fear in the back of my mind of "What if I am in a HUGE emergency?" still haunts me to the point where I can't do it.

    Congrats!

    ReplyDelete
  8. Jessie10 August 2009 at 13:36

    @ SS4BC

    One of the reasons I was confident in doing this is because Jordan and I have nearly $4000 in our house fund. We put $650/month towards it, so it's growing very quickly.

    IF I lose my job (which I probably won't) before my credit card is paid of and my e-fund is built back up, he's comfortable using the house fund to get us through.

    I wouldn't want to use it, but it gives me that cash back up I needed to make it possible to cut it up.

    ReplyDelete
  9. Anonymous10 August 2009 at 15:08

    Good job, lady! That's a hard step, but I'm sure it will be helpful.

    ReplyDelete

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