Credit Cards Suck!

I think that people need to really understand how the Credit Card Companies make money. We live in a cashless society now, and it is way to easy to rack up thousands of dollars in debt before you even know it. I had about $20,000 in debt after my first marriage, and never learned the lessons from it. I never learned how to properly manage money, and just kept getting deeper and deeper in debt.

Now it is about 10 years later, and I'm in my second marriage, and I am finally starting to learn my lesson now that I am in debt about $20,000 again. We are working on paying off all the credit card debt at this time, and have destroyed all the cards. Once we get them all paid off, we will only use our checking account debit card, check book, or cash to pay for stuff. If we can't pay cash for it, we don't need it.

Anyone out there who is in debt needs to first learn to staop using plastic to pay for something because of that $20, 000 I owe I would estimate that only about half of it is from goods or services. The rest of it is from Late Fees, Over Limit Fees, and Interest. So they have about doubled their money off of me. Please DO NOT use credit, but rather learn to save for what you want. Do not let these people get richer for us being impatient and dumb with our money.