Monday, November 1, 2010

I hate debt

I do hate debt. I think it causes us to be slaves to the future.
I took a Kohl's card for the discount, but now it is maxed out (at $300.) I know that is a small amount, but it starts out this way. I surely could have done without spending that $300. Plus the interest is over 20%. My discount will not even be covered once I add interest. So my goal is to pay this off before the end of the year!

I do have a mortgage, but in theory if I had to I could sell house and pay off mortgage. The stuff bought at Kohl's will be long gone by the time I pay off the bill (if I only pay the minimum.)

What do you feel about debt?



Amy D said...

I love to go to Kohl's for the deal, but hate how they try to talk you into a card every time we go. When you say no, they say "get the card for the discount, then turn right around and pay it off".

No, no, no, no, no.

I'm sorry things are hard for you right now.

As to how I feel about debt... it doesn't matter, I can't get any more in debt, because of our credit. LOL. It's getting better, but honestly, it has been a blessing, because we have had to plan for purchases and we don't have the evil luxury of impulse buying.

HS @ Our Debt Blog said...

Haha! this is how it starts, belive me, I know!! pay this off asap and close it! don't play with fire or snakes.

Becky R said...

I know. It is not worth the coupons if I have no self control!