Since we’ve been blogging about easy consumer credit, I wanted to rant and rave a little about people who misuse credit cards. It always drives me nuts when I see someone who is in debt and knows they have a problem, but continues to use their credit cards!
I’ll say this, if you want to dump your credit card debt, an important step is cutting off your access to the cards. So, If you owe too much, you might consider taking the following extreme steps:
1) Cut up your cards: Seriously, if you owe a ton on your credit cards and can’t seem to stop using them, consider cutting them up. When you do this, you might think about cutting them into little pieces or making neat designs from them. That’s fun! When I was paying off my debt, I used this technique and relied solely on my debit card for purchases.
2) Freeze your cards: This isn’t metaphorical. In this case what you do is put your credit card in a mug of water and pop it in your freezer. After about an hour your cards will be deep frozen and you won’t be able to use them.
The main idea behind both of these is you’ll reduce the amount of debt you incur if access to your cards is limited. This should help you retire your debt more quickly. After all, every dollar you don’t borrow is a dollar closer to your financial freedom!