unindebted

[mellowtigger]

Look at me, folks!



I'm one of those rare American creatures: the unindebted!

I was debt-free prior to going unemployed 2.25 years ago, but quickly went "into the red" with unemployment, computer problems, car problems, etc.  Living frugally with a low-net-wage job, though, I still managed to crawl back "into the black".

Eerily, Wells Fargo increased my credit card interest rate, and my available credit is (roughly) equal to my annual income.  I dislike encouraging exponential economics, though, so I'll avoid using the card unless some sort of emergency crops up again.

Comments

[mellowtigger]

Oh, I don't ever use a card to buy things that I want, only those expensive things that I need but can't afford right away (and can't put off until later).

I have a debit card that I use for the convenience of plastic without the bother of credit.

Without card payments and interest, I'm hoping to collect a small savings before it's necessary to spend it all away again on vehicle repairs.

[bbearseviltwin.livejournal.com]

I orginaly got a credit card for one reason, so I could get a aol account, it was at the time the only way you could get more than 10 hours a month on line