We have been fighting an uphill battle against credit card debt since we first got married almost four years ago. Facing over $16,000 in credit card debt (costing us over $500/month) we took a big step last July and cut our credit cards into tiny little pieces. So how are we doing now thus far?
Well, we’ve managed to pay a bit more than the minimum payment each month on all our credit cards. However, it seems between car repairs ($1,500 worth last month alone) and other essential spending the extra income we NEED to use to pay off the credit card balances is eaten up in advance. Our budget has been trimmed to spartan lows, now we are merely waiting to catch a few breaks (i.e. a couple months without costly car repairs).
Please keep our financial troubles and efforts to overcome them in your prayers.