Your current credit card debt represents more than just the fact that you owe money. It represents the fact that you are spending more money than you are making. It represents the fact that, depending on how much you owe, you could be out of touch with your financial situation. It represents the fact that you need to attend to paying it off now—or it will likely get worse before it gets better.

If you are going to have a credit card, pay it off in full at the time of each statement. If you cannot do that, you have no business carrying a card with you. Pay cash instead.

“Man drives a mortgaged car over a bond-financed highway on credit-card gas.”
Earl Wilson, financial expert, Christian counselor and author

Your thoughts on this subject? Your comments appreciated!

Content © Rich Brott, 2011

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