My mother bought a refrigerator

[keithbvadu2]

16. pay off the credit cards every month

My ex-wife did not understand why I insisted that we pay off the credit cards every month when most of our friends had a permanent balance due.

After the divorce, she ran up the cards and realized how much interest she was paying and not running down the balance very quickly.

She took out a bank loan and paid them mostly off.
She still had the same amount of debt to start but the lower interest rate allowed her to pay off the balance much quicker.

When she bought her trailer and land, the bank asked her for her cc balance.
She said it was about 600 or 800 dollars.
Said his jaw just about hit the floor.
He was used to hearing 3000, 5000, 8000 or more.

Now she understands.