http://poorerthanyou.com/2007/01/05/where-did-that-come-from/ Money issues for college students and 20-somethings, without being boring. Fri, 12 Mar 2010 04:36:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-72789 ka0kitty Thu, 19 Mar 2009 00:42:19 +0000 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-72789 Oh Man. I was expecting the sum to be in the THOUSANDS. Let's just say when I got my first credit card a little over a month after turning 18, I literally lived on credit cards for a year and a half (applying for one after another), paying them off slowly. By August 2008 I owed a grand total of about 8000. Right now I owe about 3,400, and I'm still fighting it off. All my credit cards are shredded. lol. Oh Man. I was expecting the sum to be in the THOUSANDS. Let’s just say when I got my first credit card a little over a month after turning 18, I literally lived on credit cards for a year and a half (applying for one after another), paying them off slowly. By August 2008 I owed a grand total of about 8000. Right now I owe about 3,400, and I’m still fighting it off. All my credit cards are shredded. lol.

]]> http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-36722 Virtual Scotland Sun, 20 Jan 2008 12:19:51 +0000 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-36722 Paying just the minimum amount per month is exactly what the card wants you to do as you are merely paying the interest. Always try to pay something more, however little more, than the minimum and you will be surprised to see how dramatically the balance will reduce. Keep paying the minimum and it will remain much the same :-( Paying just the minimum amount per month is exactly what the card wants you to do as you are merely paying the interest. Always try to pay something more, however little more, than the minimum and you will be surprised to see how dramatically the balance will reduce. Keep paying the minimum and it will remain much the same

]]> http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-119 Bernard Sat, 24 Feb 2007 16:07:00 +0000 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-119 Credit card is so convenient and you don't feel the pinch when paying for big amount. That is the danger I see when one can easily get carried away using credit card. I am just glad that i always give good thoughts especially buying high ticket items with credit card. I will make sure that I am 100% confident that I will have enough money in my bank when the bill comes. So far, I have not been in debt before! Credit card is so convenient and you don’t feel the pinch when paying for big amount. That is the danger I see when one can easily get carried away using credit card. I am just glad that i always give good thoughts especially buying high ticket items with credit card. I will make sure that I am 100% confident that I will have enough money in my bank when the bill comes. So far, I have not been in debt before!

]]> http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-120 Stephanie Wed, 17 Jan 2007 02:23:00 +0000 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-120 Bluntmoney: Although there were several things that I distinctly remember, a lot of this was written while carefully combing through my credit card statements. What an eye-opener that is! Bluntmoney: Although there were several things that I distinctly remember, a lot of this was written while carefully combing through my credit card statements. What an eye-opener that is!

]]> http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-121 bluntmoney Wed, 17 Jan 2007 01:22:00 +0000 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-121 At least you can remember what you used your card for...that's more than I could say. At least you can remember what you used your card for…that’s more than I could say.

]]> http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-122 Stephanie Thu, 11 Jan 2007 21:40:00 +0000 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-122 I'm considering it. Right now, I'm waiting until I have employment to start making any major changes to my set-up. I want to make sure I can make the payments on a new card before I get it! Thanks for the tip! I’m considering it. Right now, I’m waiting until I have employment to start making any major changes to my set-up. I want to make sure I can make the payments on a new card before I get it! Thanks for the tip!

]]> http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-123 Stingy Student Thu, 11 Jan 2007 20:27:00 +0000 http://poorerthanyou.com/2007/01/05/where-did-that-come-from/#comment-123 Have you looked at doing a balance transfer to a 0% card? There are many out there that offer 0% on balance transfers for a year. That way, at least you're not adding to your principal with the high interest. I plan on writing an article on credit cards in the near future, but if you want to know more now, just shoot me an email. Have you looked at doing a balance transfer to a 0% card? There are many out there that offer 0% on balance transfers for a year. That way, at least you’re not adding to your principal with the high interest. I plan on writing an article on credit cards in the near future, but if you want to know more now, just shoot me an email.

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