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 Nastyflea

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

 

Postnatal depression and the feelings that scare mums most

"I was shocked and horrified that I'd had this thought. That's not me."

A toddler’s step-by-step guide to avoiding bedtime

How many of these tactics does your toddler employ at bedtime?

Melbourne - get your FREE tickets!

Register now for your free ticket (valued at $20) for the Melbourne Essential Baby & Toddler Show, presented by Blackmores.

The great toddler chase: every pregnant mum's nightmare

This is the funniest photo ever. We've all been there!

Would you do this to your baby in a carseat?

One mum looked that fear in the face and shared how important it is to think about adjusting the straps on our kids' car seats.

The secret to fitness after having a baby

It turns out that taking a more flexible approach might be the best way to make it happen.

Frustrated mum's genius plan to stop dinner time battles

Hands up who is sick and tired of cooking dinner for their kids every night only to have them complain about what's on their plate.

Photo shoot captures the dirty work of parenting

What do you do when you want a sweet maternity shoot but it just won't stop raining?

Could this simple thing help you avoid the 'baby blues'?

Researchers are now looking at whether the nutrients you ingest after giving birth can help reduce your likelihood of developing the baby blues.

We face more judgement than our mums did, study finds

We're judged more than our mums were - science says so.

As a mum, it's hard to ask for help. And that needs to change

Yesterday was a bad day for me. I started feeling ill a couple of days ago but battled on, as we do.

Why I don't care about your gender reveal

So you're having a baby? That's great, babies are awesome.

Dad's simple baby soothing hack

When this dad's baby wouldn't stop crying he took matters into his own hands. He also recorded what he did to let other people in on the simple hack and now it's going viral.

Husband gives birth after his wife was unable to fall pregnant

After his wife struggled to conceive, transgender man Chris Rehs-Dupin decided to give it a go.

10 things I thought about motherhood before I actually became a mum

Everyone is a parenting expert until they have kids – right?

 
Advertisement
 

Top 5 Articles

Advertisement
 
 
 

From our network

Win 1 of 10 awesome Peppa Pig prize packs

Who loves Peppa? We have 10 packs to give away - including family passes to see the brand new movie, in cinemas March 16!

Essential Baby & Toddler Show, presented by Blackmores

28th - 30th April, 2017, Melbourne Royal Exhibition Building, Carlton. Get your FREE ticket now. Save $20.

 

Free ticket offer

Essential Baby & Toddler Show, presented by Blackmores

28th - 30th April, 2017, Melbourne Royal Exhibition Building, Carlton. Get your FREE ticket now. Save $20.

 
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.