Hate to start off any post with negativity, but I just want to shout from some rooftop, hilltop, or IHOP that “I HATE CREDIT CARDS…Cards…cards!” Side note: Apparently in my fantasy declaration of credit card hatred there is an echo. Anyone with me on this? Anybody at all?!
The reason why I hate them is obvious: I was rode hard and put away in credit card debt. How did this happen? Fancy meals out, shopping trips, traveling, and even groceries. Yes, I know, all things that easily could have been budgeting out and paid for in cash. But alas, they weren’t because immediate gratification was calling my name and a card made of plastic was doing the same.
So what is a gal to do? Considered getting a second job to help alleviate my financial woes. I even answered my first ad on craigslist. It was for a back up singer/dancer for a band that did corporate events. I thought…Dang, this is perfect! Hours that won’t conflict with my full time work…and I can carry a tune AND I can dance like Napoleon Dynamite…Gosh! So I replied to the ad, albeit a few glasses of wine in me. I stated that “I was interested, unless you are a serial killer or a rapist.” No response. Whew, dodged that bullet. Then I considered using this melodic voice of mine to do some type of voice work over the phone where I get paid to talk. The only profession that came to mind was a phone sex operator…egads no! Though I could be a phone cuddle operator and charge extra for spooning talk? Million dollar idea?! Let me know what you guys think!
This whole extra income thing wasn’t panning out so I ultimately decided to get help from the godfather of debt-free living, THE Dave Ramsey! I bought his book “The Total Money Makeover” on Amazon.com (probably paid for it by credit card) and read it in a matter of hours (no applause please…not as impressive as it sounds because it has lots of pictures). In this book, the wise Mr. Ramsey has a challenge for the reader: To take on the guy or gal in the mirror. This challenge is one of the reasons I started this blog. What better way to be self-reflective than to write honestly about what your finances are? Well one of the financial woes I was honest about from the get-go was the credit card debt (over $12,000.00). If you missed that post (which I must say is highly entertaining) the link is below so you can read the details of how the interest rates got lowered and the debt got consolidated…psssst…just a heads up, it is the “One step forward” part of the post if you don’t want to read the whole thing.
So now that you are caught up with the credit card debt drama, I have an update! Only 5 months in and already $1,500.00 of that credit card debt is gone! What a difference an interest rate makes! Though I still have trouble sleeping and wake up with the credit card debt sweats, it is so nice to see that debt going down. The credit cards are still open but are now in their final resting place. They are buried in a tupperware container under 6 inches of ice in the freezer. It was time to freeze those “assets”.
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Now go put those credit cards in the freezer!