A question about giving up credit cards

iVillage Member
Registered: 07-14-2008
A question about giving up credit cards
9
Fri, 08-01-2008 - 9:31pm
So, for years I have used my credit card and then paid it off at the end of the month. I never really considered it a problem. But, as I am gaining more control over my finances, I am starting to think that I would like to get out of that habit. So, my question is, before you gave up your credit cards, did you save enough money to cover what you normally use your credit card for?





iVillage Member
Registered: 11-17-2007
Fri, 08-01-2008 - 11:39pm

When you hear people talking about EFunds that is pretty much they are talking about.

iVillage Member
Registered: 03-17-2003
Sat, 08-02-2008 - 12:32am
I'm not sure what type of purchases you make.
iVillage Member
Registered: 06-18-2004
Sat, 08-02-2008 - 2:15am

I just switched to using all cash for my everyday expenses (groceries, gas, eating out, etc).

iVillage Member
Registered: 01-05-2006
Sat, 08-02-2008 - 11:34am

Hi, before you dump all your CC's you might want to rethink that.


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iVillage Member
Registered: 07-14-2008
Sat, 08-02-2008 - 3:52pm
You're right, I wouldn't stop using my credit card altogether. Just on a more rare occasion. I think I would maybe just use it for gas. I find it hard to budget gas because I travel for my work, but I am reimbursed monthly, and the more I spend in gas, the more my reimbursement is. Right now I am just going to focus on making and sticking to a budget and continuing to pay my other debts off, so that I don't get stuck paying interest after the 0% offers are done. Then, I will make a plan to start using my credit card less for everyday purchases. I don't want to make too many changes at one time, or I think I will loose my momentum.





iVillage Member
Registered: 03-30-2003
Sat, 08-02-2008 - 3:56pm
I just wanted to chime in here to say that I have been living without credit cards since October of 2007 because I filed Chapter 13 Bankruptcy, and lost them.
iVillage Member
Registered: 01-05-2006
Sat, 08-02-2008 - 5:37pm

Sounds like a good plan to me.


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iVillage Member
Registered: 01-05-2006
Sat, 08-02-2008 - 5:40pm

I dont have them at all either, they have all been cancelled because of my financial problems.


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iVillage Member
Registered: 03-16-1999
Sat, 08-02-2008 - 9:38pm
We have found that we can use our debit card for all the things you usually need a credit card for.