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$744 a month in CC

October 15th, 2017 at 06:16 pm

Sitting at my desk updating my spending spread sheet and realized I spent almost a grand on paying CCs.

It is absolutely ridiculous what I pay in credit card debt. This pay period alone I paid out $744. I'm so disgusted. I don't even know what I bought and when. 😡🙄🤦🏾‍♀️

$744 can be used for other things like saving for a house, car and retirement and I'm paying this amount on DEBT!

I think the positive thing out of this situation is that I realize it's ridiculous, I've stopped using the CC and I at least have money to pay the bills every month.

Once I hit baby step one of the Dave Ramsey plan I can start tackling this debt, I can't wait.

I've upped my saving amount from $30 to a $100 the next pay period. Reducing spending in other areas.

8 Responses to “$744 a month in CC”

  1. Sarah Says:

    I know the feeling. I can't wait for my debt to be gone.

  2. ceejay74 Says:

    I hope this is the last get-out-of-debt cycle you ever have to face, Amber. It's just not worth it!

  3. Amber Says:

    Ceejay you are absolutely correct. As the scripture says, the borrower is slave to the lender

  4. rob62521 Says:

    Glad you realize this and hopefully it will make you more aware of what you are spending. Using a credit card makes it easy to spend whereas using cash, you know what you've spent and how much you have left.

  5. snafu Says:

    When you review the charges on your CC bill, what identifies as the top 3 consistent spends? I suggest that you make specific categories 'cash' only to see if that makes a difference in all over spending. I suggest making all foods [groceries, take-out, cash or debit card, restaurant/fast food cash only] to see if DR's theory is accurate, people spend more when using CC and that it doesn't feel like spending dollars in people's brain.

  6. Amber Says:

    My top three spending items are clothing, household goods and vacations. I've actually created cash envelopes for these items. Things seem to be going well

  7. LivingAlmostLarge Says:

    Is that the interest? Or just what you charged?

  8. Amber Says:

    It's the minimum payments made.

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