One of the happiest days of my life was the day that I could finally say that I had zero consumer debt. I have spent years going back and forth in and out of credit card debt. By my second year of college, I had ten credit cards. My first credit card was actually the green American Express card. You know the one with no limit! Why they thought it was a good idea to give that to an 18-year-old is beyond me. Let’s just say I missed the part about it having to be paid in full within 30 days. LOL
It wasn’t until I changed my consumption patterns and adopted minimalism that I was really able to get a hold of my finances. No matter how much money I earned, it was always leaving my hands faster than I could make it. I found myself constantly waiting with bated breath for every paycheck because the money was already promised. Needless to say, that is no way to live.
Credit cards when used wisely are great tools and can actually help with wealth generation by allowing you to establish relationships with lenders, not to mention those sweet sweet points. Unfortunately for those of us who haven’t developed a good relationship with money, far too often they become addicted shackles keeping us tethered to poverty.
If you’ve racked up a hefty bill, now is the time to create a payoff plan. Use our calculator to see when you can be debt free.