Comments on: All Gone! Cut up all the Credit Cards in my Wallet! http://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/ Personal Finance & Frugal Living Wed, 08 Feb 2012 14:56:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stop Living Paycheck to Paycheckhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-9418 Stop Living Paycheck to Paycheck Mon, 08 Nov 2010 00:30:18 +0000 http://www.moneyfunk.net/?p=171#comment-9418 [...] find about more about my bank account set up, here.Halt. Stop using your credit cards immediately! Cut them up, or put them in the freezer in a ziploc bag filled with water, effectively freezing your cards. [...] [...] find about more about my bank account set up, here.Halt. Stop using your credit cards immediately! Cut them up, or put them in the freezer in a ziploc bag filled with water, effectively freezing your cards. [...]

]]> By: Northern Living Allowancehttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-759 Northern Living Allowance Fri, 05 Dec 2008 10:32:00 +0000 http://www.moneyfunk.net/?p=171#comment-759 It really does feel good! I kept the pieces of my CC on my desk until about 5 minutes ago - now I know for sure that my debt to that card is gone. Next up: cancelling it in 6 months.<br /><br />I've decided to keep my VISA, but only because it's got a lower rate of interest, a low limit and doesn't rack up interest/charges when I'm NOT EVEN USING IT! <br /><br />Congrats on your destruction as well! WOO HOO!! It really does feel good! I kept the pieces of my CC on my desk until about 5 minutes ago – now I know for sure that my debt to that card is gone. Next up: cancelling it in 6 months.

I’ve decided to keep my VISA, but only because it’s got a lower rate of interest, a low limit and doesn’t rack up interest/charges when I’m NOT EVEN USING IT!

Congrats on your destruction as well! WOO HOO!!

]]> By: Money Funkhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-760 Money Funk Fri, 17 Oct 2008 20:42:00 +0000 http://www.moneyfunk.net/?p=171#comment-760 Greentreeweb: Hiya There! :-)<br />Of course, I would not close them until they hit a zero balance. Even though it would mess with the credit score, I am curious how long of a duration it would hurt? We are not out to apply for a loan. So, this would actually be the right time if I was to be negatively affected for a short time. Hmmm... Greentreeweb: Hiya There! :-)
Of course, I would not close them until they hit a zero balance. Even though it would mess with the credit score, I am curious how long of a duration it would hurt? We are not out to apply for a loan. So, this would actually be the right time if I was to be negatively affected for a short time. Hmmm…

]]> By: GreenTreeWebhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-761 GreenTreeWeb Fri, 17 Oct 2008 15:59:00 +0000 http://www.moneyfunk.net/?p=171#comment-761 Ew, please don't cancel/close the accounts until the balances are zero. It will probably mess with your credit score which could make the other creditors jumpy and cause them to raise rates, etc. Even after the balances are zero it can mess with your scores. Ew, please don’t cancel/close the accounts until the balances are zero. It will probably mess with your credit score which could make the other creditors jumpy and cause them to raise rates, etc. Even after the balances are zero it can mess with your scores.

]]> By: Money Funkhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-762 Money Funk Fri, 17 Oct 2008 12:19:00 +0000 http://www.moneyfunk.net/?p=171#comment-762 frugal dreamer: Thank U!<br /><br />past mistakes: I am still pondering on cutting up the cards. I need to see what type of 'damage' it will do to our credit cards. I do have every intention of closing most of the accounts cuz I only need 1 debit card and 1 credit card (strictly for emergencies!). Then, I have to talk my husband into going along with it! I'll keep you updated! :-)<br /><br />frugal trenches: Thank U!<br /><br />One thing I really like about pf blogging is that it is such a wide support system! We are all virtually here for eachother. It's wonderful! We will pick eachother up or give a pat on the back or lend advice in a time of need. Truly neat. frugal dreamer: Thank U!

past mistakes: I am still pondering on cutting up the cards. I need to see what type of ‘damage’ it will do to our credit cards. I do have every intention of closing most of the accounts cuz I only need 1 debit card and 1 credit card (strictly for emergencies!). Then, I have to talk my husband into going along with it! I’ll keep you updated! :-)

frugal trenches: Thank U!

One thing I really like about pf blogging is that it is such a wide support system! We are all virtually here for eachother. It’s wonderful! We will pick eachother up or give a pat on the back or lend advice in a time of need. Truly neat.

]]> By: notesfromthefrugaltrenches.comhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-763 notesfromthefrugaltrenches.com Fri, 17 Oct 2008 10:12:00 +0000 http://www.moneyfunk.net/?p=171#comment-763 Well done you, that is fabulous! Well done you, that is fabulous!

]]> By: Making up for past mistakeshttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-764 Making up for past mistakes Fri, 17 Oct 2008 10:09:00 +0000 http://www.moneyfunk.net/?p=171#comment-764 Don't forget to actually cancel the cards though, not just cut them up! Don’t forget to actually cancel the cards though, not just cut them up!

]]> By: Frugal Dreamerhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-765 Frugal Dreamer Fri, 17 Oct 2008 09:52:00 +0000 http://www.moneyfunk.net/?p=171#comment-765 Good for you!!!!!! :) Good for you!!!!!! :)

]]> By: Money Funkhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-766 Money Funk Fri, 17 Oct 2008 09:50:00 +0000 http://www.moneyfunk.net/?p=171#comment-766 jpkittie: it does feel wonderful! You should give it a try. Puts you into perspective that you have to live with what you make. And if you have kids, they learn to deal with it. A little whining never hurt anyone. :-) jpkittie: it does feel wonderful! You should give it a try. Puts you into perspective that you have to live with what you make. And if you have kids, they learn to deal with it. A little whining never hurt anyone. :-)

]]> By: Money Funkhttp://www.moneyfunk.net/daily-grind/all-gone-cut-up-all-the-credit-cards-in-my-wallet/#comment-767 Money Funk Fri, 17 Oct 2008 09:49:00 +0000 http://www.moneyfunk.net/?p=171#comment-767 budget mama: it feels great! Having less actually gives me more gratification. Less to deal with. Less to be enticed with. If you debit card runs out...then you're done! ha! :-)<br /><br />good for you, too! <br /><br />sharon rose: thank you! And you are doing fantastic, too. And since we have felt/feel the pains it will remind us that our financial freedom is so sweet to keep! <br /><br />Have a great weekend, too! budget mama: it feels great! Having less actually gives me more gratification. Less to deal with. Less to be enticed with. If you debit card runs out…then you’re done! ha! :-)

good for you, too!

sharon rose: thank you! And you are doing fantastic, too. And since we have felt/feel the pains it will remind us that our financial freedom is so sweet to keep!

Have a great weekend, too!

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