Personal finances! Is this a good plan? I DO NOT want to go in debt?
Nicole S asked:
So, last Christmas my husband and I were dumb and got credit cards, and maxed them out! We had been paying the minimum payments until one time we had to pay one day late because the bill was due on the 30th, and we dont get paid until the 1st! Anyway, ever since then we have been behind on my credit card because it had a hight limit. So, the min payment is 190! I really want to get it back down under the limit because we are getting screwed. I just do not want to see ourselves getting in bad debt because we want to start a family soon! Anyway, please tell me if this is a good plan.
My husband is in the airforce and I think we should borrow some money from the family readiness center…like 400.00! This is basically money the military gives us and then the will take like 50 dollars a month out of our check until its paid off! Then, I can pay more on my credit cards and nip this in the bud while I can?
What do you think?
So, last Christmas my husband and I were dumb and got credit cards, and maxed them out! We had been paying the minimum payments until one time we had to pay one day late because the bill was due on the 30th, and we dont get paid until the 1st! Anyway, ever since then we have been behind on my credit card because it had a hight limit. So, the min payment is 190! I really want to get it back down under the limit because we are getting screwed. I just do not want to see ourselves getting in bad debt because we want to start a family soon! Anyway, please tell me if this is a good plan.
My husband is in the airforce and I think we should borrow some money from the family readiness center…like 400.00! This is basically money the military gives us and then the will take like 50 dollars a month out of our check until its paid off! Then, I can pay more on my credit cards and nip this in the bud while I can?
What do you think?
