Don’t Let Your Credit Card Ruin Your Debt Reduction Progress

by The Happy Rock on February 22, 2008

If you are in debt, you most likely know that access to your credit card is probably what got you there. If you are one of those people, just admit and live with it. It’s ok. Most of us have been there, but the true test is to learn from it.

Many of us get to the point were we are tired of being weighed down by our debt and begin attempting to undo our self inflicted damage. The thing is that most of us try to accomplish this without removing the tool that got us there. Removing the tool doesn’t have to be a forever thing, because the real point of getting out of debt is to change our behavior and our relationship to money. We create true change so that we don’t find ourselves making the same mistakes. In order to change our behavior though, it is often necessary to remove temptation while we regain our strength and perspective.

spartan-ruin.jpg“But I love my credit card. It’s like a security blanky. What about my reward points? What if I get in a pinch and I need it?”

Sometimes truly important decisions in life require making bold moves. The change in perspective will do wonders for getting out of debt. Instead of riding the roller coasting in and out of debt, it might just change your wealth forever.

If you are really that nervous or don’t think it is necessary, just give it a try. Cut the card up, shred it, whatever. If you really miss the credit card, you can get a new one in a few months. There will always be credit card companies willing to let you use their money to get into debt; it makes them billions not you!

For most I think it will be an eye opening experience, one that might just truly change your life.

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{ 8 comments… read them below or add one }

Kari February 22, 2008 at 4:32 pm

Cutting up your credit card is a good thing. But with plastic being more and more prevalent and necessary in an online world, why not change try a reloadable prepaid debit card, like the UPside Visa card. Unlike a debit card from your bank (which many allow overdrafts, getting you into even more debt), you are only able to spend what you put on the card. You are able to fund the card periodically or automatically with allowance schedules, from family, friends and employers. And with multiple plans to choose from, you can find a card that fits you and/or your family’s lifestyle, as you can get the card for yourself or one for family members that are either already in need of debt-help or you would like to teach healthy financial living to, like your kids (as young as 13 years of age).

Check it out at http://www.upsideclear.com/?sponsorship=ecairn3


Rick February 22, 2008 at 8:50 pm

Great post, I would agree many people need to take this action. Unfortunately, for most its to late and there in way over the head. Intentions are great but they only tell us what we want to hear. Action is where the true test begins.


Money Blue Book February 25, 2008 at 3:56 pm

Well…I understand the general disdain and uproar over credit usage but there really are many benefits to learning and developing credit responsibility.

It’s an integral part of sound financial planning in my opinion. Not only can cards that extend 0% interest be successfully used in emergency situations, cards also offer much of the convenience not provided by cash.

Of course, not everyone can handle credit responsibly.


Adonis February 25, 2008 at 7:33 pm

this is really help…i hope more visitors will read this post


tracy ho February 26, 2008 at 10:51 am

Great to read your post ,

Keep it up,

Tracy Ho


Mr. Debtbeater March 17, 2008 at 11:05 pm

Heh, a bold move was certainly needed indeed. I recently ran all my credit cards through a shredder in front of my kids. Their eyes opened so wide it was hilarious. They didn’t understand how we were going to buy food and things anymore, and I had to explain how the cards make us borrow other people’s money instead of using our own. Now we’ve been using envelopes and they understand more of what’s going on.

And as a bonus, I won a contest after taking a pic and posting it on my site to share! It’s been a win-win-win for me! 😉


CreditCredible June 1, 2008 at 2:56 pm

We cannot solve our problems using the same thinking or method we used when creating them, to paraphrase A.Einstein. Using credit cards to pay of debt and even worse credit card debt is somewhat irrational behavior in my opinion. As with most things in life moderation is key.Credit cards if used correctly can be a effective financial tool, but can also cause alot of headaches. Be informed on financial decisions you make. God Bless you all.


john cummata December 26, 2008 at 9:56 am

thanks for this article, you forgot one thing though, that is to never be proud enough to seek help when there are things you are not sure about


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