Tuesday, 6 September 2016
A day late! It was Labor Day yesterday!
Having paid off one credit card, it was a fantastic thing to get the last bill in the mail showing amount owed as $0.00. Along with it has come a slough of offers from the same credit card company for 0% for one year. We have other credit cards needing to be paid off. Should I take up this offer, or not? As you know, we have one hovering at 20% needing to be paid off. The credit limit on the one paid off is not the amount of the other card . . .
This is sort of a dilemma. Should we, shouldn’t we? The interest we will save is substantial, but we are hesitant to go that route – not so much because of the money saved, but the potential – the very scary and very real potential – to use credit cards again. The psychology here is the key, not the money. It’s like offering a drug addict – a credit addict – a taste. We don’t want that taste. We want to stop this!