Today we did it. We cut up our credit cards.
Well, all except one, but it has a very small credit limit and small balance (Thanks to our already big credit load) and we figure we should have a reserve in case a big need arises, like a car breakdown or plane tickets to visit sick relatives, etc.
It was a small ceremony in our home, totally missed by the people passing by, but it was a big deal for us. Now the only thing to do with the balances we have on them is to pay them off. Hopefully.
There were three of them, totalling all but 24,000 of our debt.
It feels a little odd, like I am a little helpless without them. But they were becoming useless anyway because they were maxed out. Havent used them in awhile. We just had them, and looked at them.
I suppose it is good to try to rid our house of the poison.
But hard to limit our selves. Even though we know it is a big problem for us, just knowing we have only a tiny amount of credit available is a big step in limiting our debt.
They say it all begins small. It was small. But big.
