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Originally Posted by amberbamber
Yes, there are other reasons. The school system is much better where the other house is. Plus with DH being in construction, we plan on saving for the 20% down payment on building our own house. Living here we just don't see that possible. And the idea of saving 600-700 dollars a month to put towards credit cards is VERY appealing to me. Am I wrong in this sort of thinking?
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I don't know that you're wrong. Just remember that when paying a mortgage, you are getting something for that money. You are building equity. When paying rent, that money is gone. But is sounds like you've got other good reasons to be getting out of your current home. And certainly freeing up hundreds of dollars a month will wipe out that debt much quicker.
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We are not putting all the groceries and gas on the CC, but usually by the end of the month it's groceries here and there that have to be put on there and gas also. So, I'd say it's about $100-$150 a month on the CC. I see now that I probably shouldn't be spending the extra towards the CC's and should be just keeping it to get us by at the end of the month, right?
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Your credit cards should be at the bottom of your trash can in tiny little pieces. You have over $23,000 in CC debt. No way should you still be carrying and using them. As long as you continue to add to your debt, you will never get out of the hole. So yes, you should not be using your cards at all, ever. If you don't have enough money to make ends meet, then you need to trim your spending. We've already discussed a few ways to do that. If those cuts aren't enough, then you might need to reduce the amount you are sending to the CC to avoid taking on new debt. That isn't the best solution, but it might be necessary.