prolesunited
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Wed Jan-05-05 03:45 PM
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Poll question: If you have credit card debt, how did you acquire most of it? |
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What is the primary reason you have credit card debt?
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kick-ass-bob
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Wed Jan-05-05 03:46 PM
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1. Not really reduced compensation as much as |
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a lack of being able to keep up with rising bills. :mad:
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LynzM
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Wed Jan-05-05 03:48 PM
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2. Can I vote 'most of the above'? |
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Only one spouse employed full-time, husband in school, child in daycare, travelling, job loss, medical expenses (diabetes and dental, sinus surgery for my husband), all piled together over the last year has caused most of it. Admittedly also a tendency to buy non-necessities :( Hopefully we will be able to pay it all off within about a year once he gets a job...
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smirkymonkey
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Wed Jan-05-05 03:50 PM
Response to Original message |
3. Grad School Loans - that's it. |
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I don't have any consumer credit anymore, and I want it to stay that way.
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henslee
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Wed Jan-05-05 03:51 PM
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4. Nutty family member who does animal rescue banged the hell out of it for |
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three grand. Good heart but wish she would've gotten married instead of saving every stray in the world at her own expense.
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prolesunited
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Wed Jan-05-05 03:53 PM
Response to Reply #4 |
6. Sounds like it's partly at *your* expense |
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if I'm reading your post correctly.
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henslee
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Wed Jan-05-05 04:00 PM
Response to Reply #6 |
7. yeah it is. Just said it wrong. |
vpigrad
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Wed Jan-05-05 03:52 PM
Response to Original message |
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Personally I'm in bad credit card debt after spending money on food at the grocery store, and I've worked with several dozen others that also have.
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Dora
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Wed Jan-05-05 04:08 PM
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8. Reduced income combined with increased overhead |
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Husband was laid off and had to take part-time work. We were doing okay with this until our property taxes increased our mortgage payment by $400 a month.
Now things like car insurance and med bills and car repairs have gone onto the credcard instead of being paid in cash like we used to. It adds up.
sucko.
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prolesunited
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Wed Jan-05-05 04:11 PM
Response to Reply #8 |
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I got stuck with a huge property tax increase this year as well. I have to work one full-time and one part-time job just to keep up with everything. :-(
Hope your husband finds a new job soon.
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Dora
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Wed Jan-05-05 05:53 PM
Response to Reply #9 |
11. We decided he should stay part-time. |
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He's also a musician, and ever since he went part-time his musical opportunities have just exploded. Not quite enough to match the salary loss, but our household is so much happier now that it's worth the financial worry. I really wouldn't change it.
Plus, now that I'm ready to pop with our first kiddo, it's probable that he will become the primary care-giver after I return to work. I hope that we can avoid daycare, because there's no way we could ever afford that expense.
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prolesunited
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Wed Jan-05-05 06:07 PM
Response to Reply #11 |
12. That sounds like an excellent plan |
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for him to stay home, but it sounds like the expenses and bills will keep piling up unless something changes.
Congrats! Be sure and post new baby pics :party:
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Cobalt Violet
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Wed Jan-05-05 04:12 PM
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10. A moving truck rental & a flat tire on my car. |
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I owe about $110.00. I will not charge anything unless I have an emergency. I like to have at least enough credit available to rent a car should I need to.
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Lydia Leftcoast
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Wed Jan-05-05 07:35 PM
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13. Dealing with irregular cash flow as a self-employed person |
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Edited on Wed Jan-05-05 07:35 PM by Lydia Leftcoast
If an emergency occurs when I'm low on reserves, then I reluctantly put the expenses on the credit card. :-(
However, I try to use my debit card instead, if at all possible.
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Mountainman
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Wed Jan-05-05 07:38 PM
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14. I paid some property taxes and made a down payment on a car for the wife |
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I also bought some Christmas gifts and some hobby things for myself. I know it is not the smart thing to do. I only have one card now and do not sign up for more credit though the card I have keeps raising my limit.
I know that I pay more for things by paying interest on the balance but I have learned not to see the card as real money.
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Schema Thing
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Wed Jan-05-05 07:40 PM
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15. The vast majority is vehicles |
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I've put two on credit cards because the interest rates are much better than I can get for secured loans.
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Uzybone
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Wed Jan-05-05 07:42 PM
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16. Interest fees, cash advance fees and late fees |
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Most of the debt I carry now is because I didnt pay on time when I was in college.
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Momgonepostal
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Wed Jan-05-05 08:03 PM
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