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When do you ask for help?
January 10, 2011
2:33 pm
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freeme
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I think I might be at the point of asking for some help with my financial situation.  My problem is I pay all my credit cards off and then I charge again and it is like an endless cycle.  It feels great when they are paid, and it's awful when I charge but I charge.  Is this something that I can get help with?  Is it something that is deeper than a need to spend?  Any tips?

January 10, 2011
9:59 pm
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Tommy45
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If you consistently pay your cards off, it sounds like you're not in too bad of a situation. I would recommend only having one or two cards open at the most. If you have more than that it may seem less manageable. You could consider setting up a budget, and limiting the amount you will charge per month to an amount you feel comfortable with. If you can, try to put a little bit of money in a savings account each month, as that would probably also make you feel better about your situation.

January 11, 2011
12:36 pm
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BettyAnn
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I agree that things aren't so bad since you're paying the cards off. There are millions of people who are tens of thousands of dollars in debt and they're drowning. I really don't see much wrong with charging as long as the bills are manageable and you are being responsible about short and long term saving. That said, if you are buying stuff that you don't need/want just because you have an urge to spend, that might be something that goes a little deeper. You may possibly be using spending as a form of self therapy. If you think that is the case, I would consider talking to a therapist to get to the root of it.

January 11, 2011
2:18 pm
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freeme
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I don't pay them off each month, if I did I know that would be fine.  I might charge a lot in a month and pay the minimum and then keep charging until it's $5K - then stress over paying it off.  Then it takes a bit to pay it off and then I start again!  I have cut up a couple of cards so I'm down to 2.

January 11, 2011
7:37 pm
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Alise
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Nevertheless, freeme, you DO know how to actually GET them paid off, so that's a step in the right direction. AND you have reduced your available credit, so that is good, too. Next you need to get down to ONE card, and see if you can get a LOW limit on it, and make it a point to pay it off EVERY TIME you use it. Not necessarily every month, either - why accrue any interest? If you use the card, go home and pay it. 

 

IF you are using it because you don't HAVE the money... then you need to dispose of it. You should be willing to only spend money you actually HAVE. Then you won't end up in debt! 🙂

January 11, 2011
8:54 pm
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dtypist
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Why not change your credit cards into debit cards. This way you will only spend your own money and not the money of the credit card company. It seems to me that you have the money to pay for the charges but the problem is with the temptation to charge.

January 12, 2011
8:15 pm
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Rhyannon
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I agree with the former poster don't use anything but debit cards that come directly out of your account. Maybe you  could give one card in the case of emergency to someone you trust not to give it to you unless it is.

January 13, 2011
12:39 am
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Loretta
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What kind of charges are you making?  Are you doing this to get necessities or just fiollowing a compulsion to charge?  If it's frivolous, close the accounts.  That will put an end to it.  If it's compulsive, then seek out help because that is a disorder.

January 15, 2011
9:57 am
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crystalwaters
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I would try to stop.  Even if you can pay back the charges each time NOW, you could at some point lose your job or otherwise experience a sharp reduction in disposable income.  Then you may be saddled with bills you CANNOT pay back.  

What exactly is it that you buy?

September 20, 2011
11:31 pm
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creditguard
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freeme said:

I think I might be at the point of asking for some help with my financial situation.  My problem is I pay all my credit cards off and then I charge again and it is like an endless cycle.  It feels great when they are paid, and it's awful when I charge but I charge.  Is this something that I can get help with?  Is it something that is deeper than a need to spend?  Any tips?


I think you're in good financial situation, i suggest for you to manage your monthly budget on spreadsheet and check every day, estimate your spending and earning and write on spreadsheet, pay your credit card bill every month and open your emergency account and save some amount every month.
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