Hello!

24 Comments

In September last year, I made one decision that allowed me to fully take control of my money. I’ve never been in a better financial situation and I can see my home loan coming down every month!
What is this magical thing I did? I hear you asking… Well it’s very simple and the tip I can give you is:

CUT UP ALL YOUR CREDIT CARDS!

‘I need to buy things online’ is NOT a valid excuse!
There are such things as PayPal, bpay and debit MasterCards!
When using REAL money, you have a sense of how much you are spending and how much you have. Everything comes into perspective and you don’t over spend on things you don’t really need!

Go on! Give it a try and see how you go!
Good luck!


Posted anonymously, 27th April 2014


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

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  • 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 .

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  • not a valid excuse

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

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

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  • Well done to you; good work!

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

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

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  • 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.

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  • Yes that is true credit cards dig us deeper in debt

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  • 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.

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

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

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

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  • 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.

    Reply

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