It never ceases to amaze me when I hear that someone has used their credit card(s) to pay for their living expenses this month…it just doesn’t make any ¢ents to me! No matter how logical it may seem at the time it’s just not logical!
Say you have 2 credit cards, and most of the time when a person is going to use one of them to pay for this months living expenses they are already in Deep trouble so the credit cards are almost maxed out to begin with, and they use 1 or heaven forbid 2 credit cards to pay for this months living expenses what do you think is going to happen, logically ?
Number 1: you are not going to be able to afford to pay this months credit card(s) bills at the higher payment, because if you are using the credit card(s) to pay for your monthly living expenses you are already stretched to the limit.
Number 2: you can not possibly think that you will earn enough money by next month to get you out of the hole you dug yourself into this month!
Say for the sake of argument that it does work this month, what are you going to do next month and the month(s) after that?
Almost every credit card has a limit on it and eventually, probably sooner than later, you are going to reach that limit and then what?
Then you are going to have to still pay your monthly living expenses, without the help of a credit card, And the expensive maxed out credit card(s) bills also!
When credit card(s) are maxed out, usually the monthly bills are almost as expensive as a couple of your regular living expenses bills, (gas, electric, phone, rent, mortgage etc.).
There is no way that this system can work for any length of time. YOU ARE GOING TO DROP THE BALL EVENTUALLY EVERY TIME!
And Then What?
You can’t pay your monthly living expenses or your credit card(s) bills, you’re maxed out on your credit card(s) and can’t even buy yourself a hot dog on your credit card if you are starving to death, your creditors are threatning to turn off your gas, electric, phone etc., your being threatned with eviction, you have no back up funds because your credit card(s) are maxed out so you can’t even go out and withdraw a Little bit of cash from your credit card(s) to rent a Cheap room for a month and the list goes on and on.
I haven’t even begun to mention how the credit card companies are going to start hounding you mercilessly and endlessly for their payments as they want the money that you promised them the also!
You are going to have to start making double what you are making now, very quickly, just to pay off the last month or two’s mistakes…and what are you going to do about next months bills that are due in 2 days??
Nope! It just Won’t work, no way, no how!
So if you have thought of this idea as part of Your Plan, you had better stop what you are doing right now, go back to the drawing board and start “tweaking” Your Plan.
And while you are “tweaking” Your Plan…you should seriously consider buying a pair of scissors and cutting up your All of your credit cards so you can’t use them because temtation is the Devil’s work and will get you into trouble every time!
Riivet!
