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Sunday, January 30, 2011

Debt, how easy is it to get into it?



So today I received a letter in the mail saying I was approved for a credit card I applied for and it got me wondering how fast after getting it I would end up in debt? god forbid my limit is something like $2000 then for sure you can see me having epic nights and ending with a maxed out credit card. How do you stay responsible when managing credit?
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17 comments:

  1. ChrisJanuary 30, 2011 at 8:01 AM

    Be aware of what you are spending, and pay down the entire balance every single month. Do NOT let anything roll over to the next month, this is the most commonly travel route to stacking on debt.

    Be aware of how much you are putting on to your card too by regularly checking through your online account. This way, you wont have a big surprise when you receive your statement.

    Most people who fall into the debt trap are those that think that just cos they are not paying something in cash, they do not keep track of their spending and allow themselves to be financially irresponsible.

    ReplyDelete
  2. JordanJanuary 30, 2011 at 8:12 AM

    you are entering into the dark side, good night sweet prince

    your friend,
    http://ectomorphmuscle.blogspot.com/

    ReplyDelete
  3. BENJanuary 30, 2011 at 9:17 AM

    lol...i dislike credit card..i prefer debit card..so no debt.
    thefitmuscle.blogspot.com (updated)

    ReplyDelete
  4. DudemeisterJanuary 30, 2011 at 10:21 AM

    Yeah, I don't use a credit card, either.

    ReplyDelete
  5. GJanuary 30, 2011 at 10:42 AM

    Cut 'em up
    Or just think "if I by that on credit, it'll be 10 times as much"
    ...and never never never give them to your GF

    ReplyDelete
  6. GADAFINYJanuary 30, 2011 at 11:08 AM

    come to the dark side we have cookies

    ReplyDelete
  7. AnonymousJanuary 30, 2011 at 11:08 AM

    Credit cards are never a good idea...I know many people in debt that's why I choose not to get one.

    ReplyDelete
  8. koal0rJanuary 30, 2011 at 11:11 AM

    DOn't use Credit Cards.. And how easy it is to get in debt? Pretty fckn easy. ;>

    Following and supporting..
    http://koal0r.blogspot.com/

    ReplyDelete
  9. DesignAndLaughJanuary 30, 2011 at 1:04 PM

    If you want to build credit without going into debt, only buy what you can afford, then pay it off the next day.

    ReplyDelete
  10. Kicking RocksJanuary 30, 2011 at 3:12 PM

    You have to be very careful the way you spend your money with one!

    ReplyDelete
  11. Life HackerJanuary 30, 2011 at 6:00 PM

    I have two credit cards which I only use for travel expenses and pay off ASAP.
    Cheers!

    howtohackyourlife.blogspot.com

    ReplyDelete
  12. JordanJanuary 30, 2011 at 8:03 PM

    use cash or make payments on time

    ReplyDelete
  13. madotsukiJanuary 30, 2011 at 8:46 PM

    Don't ever buy anything. That's what I do.

    ReplyDelete
  14. thegoldenchildJanuary 30, 2011 at 9:33 PM

    yup gotta pay it off asap.

    ReplyDelete
  15. jonwintersJanuary 31, 2011 at 12:07 AM

    obsess about money. everyday. all day.

    save receipts, check purchases online. always make sure you will have what you have to pay before you pay it.

    or don't spend money. this is what i do.

    ReplyDelete
  16. my day in a sentenceJanuary 31, 2011 at 6:00 AM

    I've got my student loan. In debt already. :S

    ReplyDelete
  17. spacemanFebruary 9, 2011 at 11:21 PM

    Definitely definitely definitely, don't got any debt or plan on any.

    But yeah, student loans.....I sadly am considering those.

    Followin' and supportin man.
    limitfears.blogspot.com

    ReplyDelete

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