Jen Glantz

 Summary List Placement
It took my friend years to pay off $10,000 in credit card debt and I don’t want it to happen to me.
I review my credit card spending weekly and avoid using my cards on certain days of the week.
Building an emergency fund and staying accountable helps me avoid getting into trouble.

Read Insider’s guide to the best rewards credit cards.

In my early twenties, I surrounded myself with a lot of friends and family members who had a similar mantra when it came to how they used credit cards. I’d be out shopping with them or deciding where to eat for dinner, and when I questioned how they (or we) would be able to afford something, the response was always “just charge it to the credit card.”

I never felt comfortable putting things on my credit card I knew I couldn’t afford but the more I was around people who put clothes, food, and self-care expenses on their credit card — like they were spending free money they never had to pay back — I gave into that temptation. By my mid-twenties, I found myself with large credit card balances I couldn’t fully pay off quickly enough and slowly accumulating credit card debt.

Related Article Module: If you’re in credit card debt because of the pandemic, here’s what to do to start paying it off

The moment that made me promise myself that I’d stop leaning on credit cards to purchase things I couldn’t afford was when my best friend confessed to me that she had racked up over $10,000 in credit card debt. I watched as she spent years trying to pay off that debt and struggled with a damaged credit …read more

Source:: Business Insider

      

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