It won't do you much good to pay off your CC debts if you don't change the spending behaviors that got you to having CC debts. I have years of experience of dealing with people who do this and I can virtually guarantee you that you will have similar CC debts within a year of paying them off. You are probably saying "No way!" Have you ever paid off your balances before? If the answer is "yes" then look back and see how much you paid off and how long it took to get the balances up to where they were before.
I'm with disneysteve (I don't know what you do, but I sure agree with you a lot!) in that you should hold some back in savings for that unknown expense that WILL come up. If you don't have savings then you will simply go back into debt. You have to break this cycle. Get to where you pay cash for everything and don't use debt. This will be a huge behavioral change for most people.
|