Monday, August 27, 2012
Credit Cards: Definitely NOT Free Spending Money
Being an adult sucks. Pretty much a given, I know.
You know when I was 18 no one ever told me it would take me like 11 years to pay off a measly $500 credit card. They'll teach me how to sew a fucking purse in high school but they neglect to mention the giant money pit credit cards are. Thanks a lot public education!
This weekend Rusty & I made the decision to take out a bank loan, after paying one completely off no more than a week ago, in order to pay off our 8 credit cards.
Yes, 8. Don't judge.
There's no excuse for having that many other than I applied, they gave them to me, and now my closet is full of useless crap they helped purchase. In all reality we don't owe that much. You know, if you don't consider 7K a lot or whatever. Maybe it's not that big of deal since I know people that have actually had to file for bankruptcy due to owing more than 25K..now that's a lot of fucking money.
Taking out this loan wasn't something we (I) did on a whim. See, I only like spending cash, not paying it back. Hence, the credit card debt I'm in. Lame.
But the way I figure it, it's easier to pay one lump sum with one interest rate than 8 of them. I hate to admit it but my mom was definitely right when she told me on my 18th b-day that credit cards were the devil. Then again, this was said after she signed her bankruptcy forms :/
*sigh* Live & learn, right?
According to the bank the credit cards should be paid off in a few weeks and as soon as that happens I'm calling them & closing those damn accounts. With Christmas coming up in a few months there's no telling the kind of damage I could do with those cards in my hands. There's no shame in admitting I'm weak, especially when it comes to shopping. What can I say, I rack serious diciprine.
I blame Target & Charlotte Russe.