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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?

17 comments:

  1. 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.

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

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

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

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

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  5. 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

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  6. come to the dark side we have cookies

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

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

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

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

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

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

    howtohackyourlife.blogspot.com

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  12. use cash or make payments on time

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

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  14. 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.

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

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  16. 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

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