Comments on: More Reasons to Pay Off Credit Card Debt http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/ Pay off debt. Save. Give. Live your mission. Wed, 08 Feb 2012 17:36:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Jabs http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-22413 Matt Jabs Fri, 03 Feb 2012 20:07:33 +0000 http://www.debtfreeadventure.com/?p=2335#comment-22413 Way to go Hareiana, I agree, budgeting is key. Way to go Hareiana, I agree, budgeting is key.

]]> By: Hareiana http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-22412 Hareiana Fri, 03 Feb 2012 18:39:03 +0000 http://www.debtfreeadventure.com/?p=2335#comment-22412 By the time I realized how to play the credit card game to my advantage I was looking at over 6,000 dollars debt on my credit card which I was struggling to just pay the interest on, I made it my first objective to first pay off my credit card debt and never see it again. To do this I started using Out Of The Dark (OOTD) online budgeting which has a very helpful feature built into the budget called Credit Card Debt Terminator, with this I tightened my financial belt, no restaurants, no travel holidays, no extravagant clothing, and within one year I had my credit card debt paid off. Now I continue to use Out Of The Dark budgeting for good monthly budgeting on a regular basis and I am using my credit card for convenience only with every penny on it paid as soon as I get my monthly statement. All this happened 5 years ago and I now have almost enough saved for down payment on my first apartment. For me budgeting was the game changer and I now live by my online budgeting. By the time I realized how to play the credit card game to my advantage I was looking at over 6,000 dollars debt on my credit card which I was struggling to just pay the interest on, I made it my first objective to first pay off my credit card debt and never see it again. To do this I started using Out Of The Dark (OOTD) online budgeting which has a very helpful feature built into the budget called Credit Card Debt Terminator, with this I tightened my financial belt, no restaurants, no travel holidays, no extravagant clothing, and within one year I had my credit card debt paid off. Now I continue to use Out Of The Dark budgeting for good monthly budgeting on a regular basis and I am using my credit card for convenience only with every penny on it paid as soon as I get my monthly statement. All this happened 5 years ago and I now have almost enough saved for down payment on my first apartment.

For me budgeting was the game changer and I now live by my online budgeting.

]]> By: 100 Awesome personal finance articles http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-22406 100 Awesome personal finance articles Wed, 01 Feb 2012 22:05:08 +0000 http://www.debtfreeadventure.com/?p=2335#comment-22406 [...] Debt Free Adventure [...] [...] Debt Free Adventure [...]

]]> By: Barbara Weatherly http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-21346 Barbara Weatherly Thu, 29 Dec 2011 00:12:56 +0000 http://www.debtfreeadventure.com/?p=2335#comment-21346 I have closed all but one and that was because I forgot about it. I will be credit card free soon I hope. I could use some encouragement I have closed all but one and that was because I forgot about it. I will be credit card free soon I hope. I could use some encouragement

]]> By: How To Live Without A Computer http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-18998 How To Live Without A Computer Sun, 11 Dec 2011 18:55:30 +0000 http://www.debtfreeadventure.com/?p=2335#comment-18998 [...] 4. Matt Jabs gives us 5 more reasons why we should pay off our credit cards. [...] [...] 4. Matt Jabs gives us 5 more reasons why we should pay off our credit cards. [...]

]]> By: How to Pay Off Credit Card Debt http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-17658 How to Pay Off Credit Card Debt Mon, 14 Nov 2011 12:26:23 +0000 http://www.debtfreeadventure.com/?p=2335#comment-17658 [...] those people!Read about how I closed and shredded my credit cards and along with these additional reasons to pay off credit card debt.If you are in over your head with credit card debt, before jumping into the arms of a credit card [...] [...] those people!Read about how I closed and shredded my credit cards and along with these additional reasons to pay off credit card debt.If you are in over your head with credit card debt, before jumping into the arms of a credit card [...]

]]> By: How To Control Credit Card Spending http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-15021 How To Control Credit Card Spending Sun, 20 Mar 2011 04:52:20 +0000 http://www.debtfreeadventure.com/?p=2335#comment-15021 [...] are just so easy to use and the debt really adds up quickly, especially as interest rates rise. Credit card companies are not on your side. Their programs are certainly not designed to help you save appropriately and spend wisely.As a [...] [...] are just so easy to use and the debt really adds up quickly, especially as interest rates rise. Credit card companies are not on your side. Their programs are certainly not designed to help you save appropriately and spend wisely.As a [...]

]]> By: robert http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-9386 robert Fri, 07 May 2010 01:49:42 +0000 http://www.debtfreeadventure.com/?p=2335#comment-9386 Every cent i earn at the moment is going on to my credit card to get rid of the interest. I'm going to pay it off and rip it up. Every cent i earn at the moment is going on to my credit card to get rid of the interest. I’m going to pay it off and rip it up.

]]> By: Frank @ Turn Key Consulting http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-6635 Frank @ Turn Key Consulting Fri, 22 Jan 2010 06:42:21 +0000 http://www.debtfreeadventure.com/?p=2335#comment-6635 Reasons to pay off credit card debt are we should stop paying interest while buying things from credit card. We should boost our credit score and increase spending money. We should also meet our financial goals and contribute more to our retirement accounts. We should save our self from debt collector harassment and get approved for a mortgage and sleep properly at night. Reasons to pay off credit card debt are we should stop paying interest while buying things from credit card. We should boost our credit score and increase spending money. We should also meet our financial goals and contribute more to our retirement accounts. We should save our self from debt collector harassment and get approved for a mortgage and sleep properly at night.

]]> By: Lara http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-6134 Lara Sat, 09 Jan 2010 13:10:45 +0000 http://www.debtfreeadventure.com/?p=2335#comment-6134 I have 3 Citi cards that give 'dividend' returns on what I purchase. The interest rates on all three were raised in the beginning of 2009, then again in the fall of 2009. I don't care because I pay it off every month. BUT... I'm just waiting for Citi to introduce a monthly or annual fee for the card. When that happens, they get cancelled. For those of you buying in to the Dave Ramsey schtick, beware. Your FICO score is used in many ways, not just to calculate a mortgage interest rate. It also affects insurance rates and is often checked by potential employers. While I'm at a point in my life where I don't need to be concerned about any of this, other than the insurance rates, if I were in my 20s or 30s, I'd be vigilant about my FICO score. I have 3 Citi cards that give ‘dividend’ returns on what I purchase. The interest rates on all three were raised in the beginning of 2009, then again in the fall of 2009. I don’t care because I pay it off every month. BUT… I’m just waiting for Citi to introduce a monthly or annual fee for the card. When that happens, they get cancelled.

For those of you buying in to the Dave Ramsey schtick, beware. Your FICO score is used in many ways, not just to calculate a mortgage interest rate. It also affects insurance rates and is often checked by potential employers. While I’m at a point in my life where I don’t need to be concerned about any of this, other than the insurance rates, if I were in my 20s or 30s, I’d be vigilant about my FICO score.

]]> By: Top 135+ Personal Finance Posts for 2009 (That can be used 2010 and beyond) | Finance Blog http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-5991 Top 135+ Personal Finance Posts for 2009 (That can be used 2010 and beyond) | Finance Blog Tue, 05 Jan 2010 20:03:55 +0000 http://www.debtfreeadventure.com/?p=2335#comment-5991 [...] More Reasons to Pay Off Credit Card Debt [...] [...] More Reasons to Pay Off Credit Card Debt [...]

]]> By: Top 135+ Personal Finance Posts for 2009 (That can be used 2010 and beyond) http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-5695 Top 135+ Personal Finance Posts for 2009 (That can be used 2010 and beyond) Mon, 28 Dec 2009 17:30:27 +0000 http://www.debtfreeadventure.com/?p=2335#comment-5695 [...] More Reasons to Pay Off Credit Card Debt [...] [...] More Reasons to Pay Off Credit Card Debt [...]

]]> By: Matt Jabs http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-5450 Matt Jabs Sat, 19 Dec 2009 04:32:18 +0000 http://www.debtfreeadventure.com/?p=2335#comment-5450 Excellent Jon, thank you. I think I'll be turning this into a DFA story! Excellent Jon, thank you.

I think I’ll be turning this into a DFA story!

]]> By: Jon http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-5445 Jon Sat, 19 Dec 2009 00:43:17 +0000 http://www.debtfreeadventure.com/?p=2335#comment-5445 Like your blog - you're on a great mission. Thought you'd be appropriately incensed/stimulated by this story: http://finance.yahoo.com/news/Credit-cards-newest-trick-799-apf-3359014390.html?x=0&.v=4 Like your blog – you’re on a great mission.
Thought you’d be appropriately incensed/stimulated by this story:
http://finance.yahoo.com/news/Credit-cards-newest-trick-799-apf-3359014390.html?x=0&.v=4

]]> By: Credit Card Reform: The End of Universal Default | Debt Free Me http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-4966 Credit Card Reform: The End of Universal Default | Debt Free Me Mon, 07 Dec 2009 21:42:54 +0000 http://www.debtfreeadventure.com/?p=2335#comment-4966 [...] More Reasons to Pay Off Credit Card Debt [...] [...] More Reasons to Pay Off Credit Card Debt [...]

]]> By: Credit Card Reform - Credit Card Rate Freeze Act Froze by Senate | Debt Free Adventure! http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-4592 Credit Card Reform - Credit Card Rate Freeze Act Froze by Senate | Debt Free Adventure! Wed, 25 Nov 2009 15:29:56 +0000 http://www.debtfreeadventure.com/?p=2335#comment-4592 [...] their exposure. According to a recent Rasmussen Reports survey, half of Americans have seen an interest rate hike in the past six [...] [...] their exposure. According to a recent Rasmussen Reports survey, half of Americans have seen an interest rate hike in the past six [...]

]]> By: Credit Card Reform and Universal Default | Debt Free Adventure! http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-4455 Credit Card Reform and Universal Default | Debt Free Adventure! Fri, 20 Nov 2009 16:52:55 +0000 http://www.debtfreeadventure.com/?p=2335#comment-4455 [...] time making a payment on the subject credit card account when the time comes. Therefore the increase in interest rates can discourage further borrowing that cannot be met with payment. In addition, it keeps more [...] [...] time making a payment on the subject credit card account when the time comes. Therefore the increase in interest rates can discourage further borrowing that cannot be met with payment. In addition, it keeps more [...]

]]> By: FICO Score Credit Card - The Way I See It | Debt Free Adventure! http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-3110 FICO Score Credit Card - The Way I See It | Debt Free Adventure! Fri, 23 Oct 2009 13:34:12 +0000 http://www.debtfreeadventure.com/?p=2335#comment-3110 [...] More Reasons to Pay Off Credit Card Debt [...] [...] More Reasons to Pay Off Credit Card Debt [...]

]]> By: Molly http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-2965 Molly Tue, 20 Oct 2009 17:03:30 +0000 http://www.debtfreeadventure.com/?p=2335#comment-2965 Thanks for the informative article. I'm just starting to work on my huge debt. Thanks for the informative article. I’m just starting to work on my huge debt.

]]> By: Credit Card Rewards - Are You Really Making Money? | Debt Free Adventure! http://www.debtfreeadventure.com/more-reasons-to-pay-off-credit-card-debt/#comment-2819 Credit Card Rewards - Are You Really Making Money? | Debt Free Adventure! Fri, 16 Oct 2009 00:02:57 +0000 http://www.debtfreeadventure.com/?p=2335#comment-2819 [...] instituting annual fees on existing cards that never carried them before, without clearly informing customers [...] [...] instituting annual fees on existing cards that never carried them before, without clearly informing customers [...]

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