Jump to content

Did you go cold turkey from CC?
Cutting down on use not working for me


  • Please log in to reply
11 replies to this topic

#1 neaka

Posted 24 February 2012 - 07:09 AM

Hi all,

Im looking for some motivation to just cut up my much used much needed CC. I get a weekly budget that covers fuel, food, and a small amount leftover for spending/kids.

I have a debt of 3k on it that i just cant seem to knock over. I try putting abit on from my weekly spendings each week but that leaves me short and i end up spending more on the CC than i have actually paid off it. It is getting out of hand and i know i need to learn to live without it. I guess i am hesitant becasue it will drastically alter my week. As in, i ownt be able to buy DS clothes if i need to or i wont be able to get that extra few groceries if i decide to cook something different on night.....It will leave me short. But i know i cant keep spending on it.

Did going cold turkey force you to just alter your spending, because i think that might be what i need to do...

Any tips!

#2 CurlySpikes

Posted 24 February 2012 - 07:19 AM

quick answer - cut it up!! if you don't have it, you won't use it.

It'll suck big time for the first couple of weeks without that 'safety net' but you'll get used to it.

I promise, I got rid of my three - total balance at its worst was 15k but they are gone!! and such relief, that's priceless!

#3 AmberNut

Posted 24 February 2012 - 07:21 AM

You could try freezing the card in a glass of water rather than cutting it up altogether. Each time you want to use it, you have to literally wait until it thaws.....
A girlfriend of mine did this when she had an issue with hers and it seemed to help her.

#4 lozoodle

Posted 24 February 2012 - 07:35 AM

Yep its what I am in the process of doing right now. Like you, my card was just 3k. But it was stupid spending. There was nothing really on there that was a necessity. I'd put bits on it, try to pay it off, and just end up respending it anyway.

So this month when I got paid I transferred $1,000 onto my credit card and immediately called the bank to reduce my credit limit to $2,000. That way I have no choice but to live within my means. And to be honest, its been fine. I've stopped the impulse shopping and feel a lot better knowing that that money is paid off and now out of reach.

I will reduce it to a $500 limit eventually, to have in case of unexpected bills or whatever. But other than that I plan to be done with it.

#5 Guest_Hoggle_*

Posted 24 February 2012 - 07:46 AM

Just call and cancel the card so it can't be used, and then slowly pay off the balance. You will get used to it.

#6 greenthumbs

Posted 24 February 2012 - 07:46 AM

QUOTE (neaka @ 24/02/2012, 08:09 AM) <{POST_SNAPBACK}>
i ownt be able to buy DS clothes if i need to or i wont be able to get that extra few groceries if i decide to cook something different on night.....It will leave me short.



You'll have to give these up. These aren't necessities. Don't mean to sound harsh, but it's usually the little things we don't need that gets us into these problems.

I agree with Curly Spikes, it will suck for a tiny amount of time but then, the satisfaction of paying it off and living debt free will outweigh that period of time by a million!

Cut it up!!!!

If you don't the problem will still be there in a years time, but the debt will be bigger and you'll have to give up even more to pay it off!

#7 Jenflea

Posted 24 February 2012 - 12:15 PM

Learn to layby or wait for sales or save up the old fashioned way.
Maybe see a financial counsellor to see how to reduce the debt and live on a budget better than you are now.

#8 Guest_Retro_Mumma_*

Posted 24 February 2012 - 12:20 PM

Cut it up before it gets out of control.

Not everyone can manage a credit card, dont feel bad there are so many many many people out there that cant and are in a bigger pickle than you. Its not abnormal for people to have 5 different credit cards and be 20k + in debt.

#9 missy78

Posted 24 February 2012 - 12:21 PM

Just cut it up. Pay for things with debit. Easy. I can truly say it is the best thing I have ever done for my financial position. I only have around $600 left on my CC and it will be cancelled as soon as the balance is $0.

#10 Miss Bec

Posted 24 February 2012 - 12:23 PM


Yep, I cut mine up. It was the best thing I could have ever done  biggrin.gif

#11 katbalou

Posted 24 February 2012 - 12:32 PM

I think you need to get rid of it.  I haven't had a credit card for 10 years now (got a debit card for online shopping), and I do not miss it.

QUOTE
I guess i am hesitant becasue it will drastically alter my week. As in, i ownt be able to buy DS clothes if i need to or i wont be able to get that extra few groceries if i decide to cook something different on night.....It will leave me short.

It's sounds like you can't afford these luxuries anyway.  I know I can't, and nor can a lot of people.  I shop on a fortnightly basis (except F&V), and depending what we eat when - I just have to alter the menu according to what's left.  It's amazing how creative you can get.  And I'm sure your DS won't even notice he doesn't have a constant supply of new clothes.


#12 neaka

Posted 24 February 2012 - 08:42 PM

Thanks so much everyone for the encouraging responses. I just paid $300 off it and it is now cut in a million peices in the bin. Its going to be hard but i now realise that unless i free myself of the temptation, im always going to be in debt.
So now my aim is to pay down 3K before baby #2 arrives in June....wish me luck!

Thanks again!




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

 

Exclusive Black Friday Sale!

Get over 40% off selected products, including prams, baby carriers, cloth nappies, sleeping bags and much more! 24 hours only, on May 6 - register now for your special code.

Kelly Clarkson shares first photos of son

Kelly Clarkson has shown off the first photos of her son, Remington Alexander Blackstock.

5 childbirth myths that need to be busted

Birth is an unpredictable, mysterious process that intrigues us all, and there is a lot of misinformation out there.

Mum of three fatally shot by toddler while driving

A US mother has been shot by her toddler while driving on a highway in Wisconsin.

All you need is one minute to work out

The seven-minute-work out is old news. Research shows the effectiveness of going hell-for-leather for just one minute.

Pregnant women needed to join diabetes study

Pregnant woman in country Australia will help Adelaide researchers figure out why cases of type 1 diabetes have doubled over the past two decades.

Just announced: the Mountain Buggy Unirider

It's the perfect solution to combat those toddler meltdowns when they no longer want to be in a pram but can't walk long distances.

Authorities euthanise dog that fatally bit a newborn baby

A pit bull mix that fatally bit a 3-day-old infant last week has been euthanised, authorities said.

The push for Medicare to fund lactation consultants

While meeting with a lactation consultant can make an enormous difference to a new mother, it's not a service that is available through the public health system.

Why it's perfectly natural to dislike other people's children

Members of a popular forum are fiercely debating whether it is acceptable to dislike a friend's child.

Woman gives birth on plane, names baby after airline

A pregnant woman who unexpectedly gave birth on a flight has named her new baby after the airline, Jetstar.

Heartwarming photos show the joy of adoption after foster care

Children living in foster care can feel like their future is less than clear. But that uncertainty disappears the day they are adopted by their "forever family" 

'Oh my god, it's a baby!' Mum shocked to give birth

When the cramps started to kick in, Klara Dollan just assumed a painful period was starting.

Mum's Facebook plea: 'Help me find my daughter's father'

Kerryn has a unusual present planned for daughter Imi's 13th birthday celebrations - she hopes to be able to be able to give the soon-to-be the teenager her first ever photo of her dad.

Is it possible for your house to be too clean?

Our houses are cleaner than ever before. But how clean is too clean? Could a sterile home be putting your family's health at risk?

Millions of Monkeys: puzzles that grow with your toddler

Here's a puzzle that grows with them; the Puzzle Grow Pack by Millions of Monkeys.

Baby names from Britpop

If you grew up in the 90s you might want to look to the genre of Britpop music for baby name inspiration.

What to eat and drink when you have gastro

When you catch a bug that causes acute infectious gastroenteritis (gastro), your stomach and intestinal tract become inflamed, causing diarrhoea, nausea, vomiting, abdominal cramping and pain. The last thing you probably feel like doing is eating.

'To this day, I owe her my life'

Would I have survived if I hadn't crossed that street?

Why baby Sonny needs you to vaccinate your children

Caitlin is a firm believer in the importance of immunisation to protect children from harmful and deadly diseases.

Five-year-old's photo captures beauty of motherhood

There is no make-up or special outfits and hairdos, but the five-year-old boy who took this picture captured the essence of motherhood as well as any professional photographer.

Babies know whether you are naughty or nice

Studies have shown that infants in the first months of life try to avoid dealing with social wrongdoers - for example, sharing less with them and helping them less - and they expect others to, too.

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

What's hot on EB

The babies who are one in 70 million

Bethani Webb was excited to find out she was pregnant, but the first time mum did not realise she was carrying four babies not one.

Exclusive Black Friday Sale!

Get over 40% off selected products, including prams, baby carriers, cloth nappies, sleeping bags and much more! 24 hours only, on May 6 - register now for your special code.

Cafe offers breastfeeding mums a free cup of tea

A Sydney cafe is offering breastfeeding mums free cups of tea in a bid to show support for the right of women to nurse their babies wherever they choose.

To snip or not to snip? When the decision is not clear cut

Jamie Oliver, who considered a vasectomy, is to be a father again. A fellow dad reflects on his own decision 11 years ago

Doctors stunned by rare twins born almost six weeks apart

To everyone's surprise, Kristen Miller "kept doing better each day", keeping her second baby safe.

Baby book ideas for modern parents

Before my son was born I was given a lovely baby book full of blank pages waiting to be filled with weights and heights and first words.

The adorable smile of a baby seeing his mum clearly for the first time

There is no doubt seeing their child smile for the first time is an unforgettable moment for parents everywhere.

Mum tells how toddler 'nearly hung himself' in cot mishap

When Alison Johnson put her 18-month-old Caleb down for a nap, she had no reason to believe her son was in any danger.

Babies are still switched at birth? Yes, it can happen

All my panic and tears aside, my biggest question looking back is about the kind of security measures used in the maternity ward.

Doctors slammed for taking selfie with newborn

Everyone who visits a mum in hospital in the days following childbirth wants to get a photo with the new baby.

ergoPouch Twosie Sleepsuit for winter breastfeeding

Finally, there's a way to keep warm while breastfeeding through winter.

Health check: How long does sex 'normally' last?

What to do with this information? My advice would be to try not to think about it during the throes of passion.

When breastfeeding sucks: fixing common problems

From niplash to tight boobs, biting to milk supply issues, Pinky McKay looks at common breastfeeding issues and how to solve them.

10 things I've learnt in my first six months with twins

Six months on we're all still alive, and the more we get to know each other the easier the days become.

Mum's loving kiss leaves baby fighting for life

Kirsty Carrington thought nothing of giving her newborn son a kiss, little did she know it would leave the baby fighting for life.

When doing chores is your new 'me time'

After children, 'me time' looks a little different.

Get going: 14 travel strollers for families on the move

A stroller can make or break travelling with a baby or toddler. Here are 15 great single travel stroller options.

10 ways toddlers are terrific

It always pays to remind yourself of how terrific toddlers can be - they're little like this for such a short time

 

ENTER NOW

Do your kids love bananas?

This is the comp for you! We have $800 worth of Myer gift cards and boxes of Australian Bananas to be won. Entry is simple: just post a pic of your little one enjoying a banana in the comments of the FB post to enter.

 
Advertisement
 
 
Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.