Hell yes I have credit card debt.
However, by Fall, both cars are paid off and our son starts kindergarden.
With that money alone, we will be able to pay off the debt in 10 months, so we can deal with it.
When my daughter is out of daycare we will be sitting pretty.
They are a necessary evil right now.
Also, if we have savings accounts, stocks, IRA's and 401k's, money in our home that all equal way more than our CC debt, so while I hate to
carry the debt, we are not officially 'in debt' as we could pay them off if we had to.
Also, we constantly move all the debt to the lowest APR. We only have two cards. Whenever we see 2.0% interest cards, we move it all and cancel the
old card. There is always a card company willing to give you ridiculously low rates to get your money. As soon as the happy low interest rate period is over, move it to another one until you pay it off. Don't keep yourself stuck with a card that has a huge intereste rate. Shop around, because there is always a low rate out there.
Edited by therealred5, Thu May 8, 2008 7:43 AM.