…financially that is.

In October 2005 I got my first credit card, I used it wisely and rarely. Then in 2006 I moved very far away, maxed the credit card and paid it off in the same year. I’d learned my lesson, reduced my ever increasing limit and treated the credit card like it had a disease, I avoided it like the plague. I managed to stick with that for about two years.

Then in November 2008 I bought a house with no money. See the problem in that sentence? No money. Yup. So, the first winter and spring I survived by… you guessed it… using my credit card A LOT. In August of 2009 I had become so fed up with that stupid card that I vowed to pay it off once again. I paid it off once again and reached that elusive $0.00 balance on April 8, 2010. See?

So that leads me to today, June 23, 2010. You see, handling this card wisely doesn’t just mean paying it off… it also means keeping it off. Just like with losing weight the hardest part is really keeping it off. Once I got the balance to zero it was hard to keep it at zero because I was still living behind, I’d use it to pay bills and buy groceries and pay it off with my pay cheque. It’s a vicious circle! I was endlessly behind  by pretty much one exact pay cheque, and I couldn’t catch up! Today I realized my balance was creeping up again slowly so it’s time to tighten the belt. I need to cut back quite a bit so that over the next 6 weeks I can catch up, so that when payday comes… the money is mine, and not my credit cards.

I’ll post an update in a month to let you know how it goes. In the meantime, any tips for me? How do you avoid that oh-so-easy credit-card?

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