Fantastic advice,credit cards are so easy to use and get out of control!

I hate credit cards , but have a debit card . However good to keep at least one for emergencies , and apparently looks good on your credit record as well .

not a valid excuse

no!!! I could never. but well done you! my loan keeps going up, bloody re ifinancing

Also; credit cards are ok as long as you pay off the balance at the end of the month; otherwise cash is best.

Well done to you; good work!

this is exactly what we did and it works a trick. you become more accountable when physically handing over cash rather than the plastic.

I like my card because I feel safer not carrying much cash. I do monitor my spending very carefully, though.

before credit cards, you physically went to your atm and withdrew money to buy things etc. or waited until the next payday. teens with their debit cards are doing a similar thing by paying as they go. Credit cards used wisely are very useful. If you are paid monthly, this is great for budgeting provided you can pay off your debt most months. Find out what works best for you.

Yes that is true credit cards dig us deeper in debt

Cannot recommend My Budget enough – they pay all the bills, you get a living expense each week for food shopping etc, and you can save towards special goals – holidays etc. You can also access funds in an emergency too.

I used to think of it as “i need” – not anymore!

Love this thanks for shaving and will be giving this a go cheers

Glad you made that decision that has paid dividends for you.

Credit cards are bad news if you don’t have the money guess what don’t buy it.
If you do have a credit card tho remember to keep an eye out for 0% balance transfers and just keep bouncing the credit limit.

Absolutely. We got into some pretty big debt with credit cards and I will never EVER get one again. The only debt I ever plan to have again is for a mortgage and possible a car.

I need to do this.. I think this is my next step to getting ahead.. thank you.

This is good advice for anyone who finds it easier to spend more on plastic than real cash. I had two friends in the same boat, but they either got rid of the cards or combined the debt into a single personal loan which had a lower interest rate. I use a debit card myself as you cannot spend what you don’t have plus the convenience of not carrying lots of cash in your purse.

I am in the completely opposite boat! If I have actual money in my wallet, it just itches to get spent, but if my wallet groans and dust and bats fly out when I open it, I just think I am broke and can’t really afford to buy that coffee anyway. Everything. I mean EVERYTHING goes on our credit card which we pay off in full every month and the savings and points means that we’re about to book our first overseas holiday in about a million years. Different solutions for different people I guess. Good on you for finding the right solution for you.

I no longer use my credit card. Regretfully I’m in a rough spot financially because of someone else’s doing and contrived plans and that’s what irks me the most. Congratulations to you though! Well done