| TheRealMafoo said:
Sign... no one reads threads anymore. It does not suck to be me. It's not a lesson I am learning. I will just pay it off before the end of the month. I always had the money, I just like to keep enough in my savings for 3-4 months of income in case something happens to my job. I can go down to 3 months. Not a big deal. |
If it wasn't an inconvenience to you then you wouldn't have mentioned your credit situation in the first place so yes, it still sucks to be you.
As for the bolded part. This is the kind of ignorance that's responsible for so many credit problems in the US. People look at a credit balance and an account balance and have a tendency to underestimate how detrimental the credit balance can be. "Oh everything is just peachy even if I have a large credit debt as long as my bank account balance looks nice." That's about when credit card companies ramp up rates and you're stuck in a situation where the interest starts racking up but you can't pay it all off so it keeps going up.
Better to have a lower account balance and no credit card debt than a nice balance with credit card debt.
As a side note, 3-4 months of income is... not that much. Might want to save a bit more.
