User Tag List

Results 1 to 12 of 12
  1. #1
    Totally Purse Obsessed Alicia's Avatar
    Join Date
    Jan 2008
    Location
    Shoreline, CT
    Posts
    2,067
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Blush Would you splurge, or at least be tempted to?

    Today I just got 2 new credit cards via the web, both with a fair amount of limits. I'm still trying to pay off my others. Don't get me wrong, I always make my payments on time and all. But now I am tempted to splurge after I recieve them in the mail. I haven't really splurged in a while and these credit cards would definitely allow me to do that. But the realistic and responsible side of me knows that this wouldn't be right and that I should hold them for things I need, emergencies, etc. I am extremely tempted to get a really nice bag like a Balenciaga City or perhaps something from LV's MC collection...and then some. Let's just say I'm thinking bigger than that Azur Speedy I've been dying to have, lol. Idk, maybe I will just purchase one nice thing that's not too expensive that I really want (like the speedy) and try not to buy tons of stuff. But it'll be hard. Would you be tempted to rack up the cards? Has anyone else gone through this???
    Last edited by Alicia; February 6th, 2008 at 12:54 AM.

  2. #2
    Moderator and Blogger boysRsmelly's Avatar
    Join Date
    Sep 2006
    Posts
    17,819
    Post Thanks / Like
    Mentioned
    57 Post(s)
    Tagged
    2 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    Honestly? I wouldn't! Take it from someone who knows - Debt SUCKS! I was to the point where I couldn't make my payments anymore and I was totally backed into a corner since I was headed back to school. Believe me, its scary and I never want to be like that again. I know this might sound silly, but if you keep "splurging", like I did... then at some point you will have reached your limit in regards to actually being able to pay it back. Why did you apply for more credit cards anyway if you already have some? Dude! Cut them up the second you get them in the mail!

  3. #3
    The Resident Shopaholic susieq's Avatar
    Join Date
    Aug 2007
    Posts
    944
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    i agree with boysRsmelly... I just got my credit score report for the first time ever and it was 754...which is AWESOME (esp. since I'm 23). According to the report the only reasons I'm not higher are because:
    1 - Opening up too many cards (I usually open up promotional cards - ie: 10% if you open up a Sharper Image - and then cancel them). Even if you cancel them - the cancellation doesn't reflect on your report for a LONG time. I only have about 4-5 cards but my report states 25 cards (since like 2002 and i've cancelled 20 of them)

    2 - My revolving balance (ie: DEBT). I can't say I was ever scared of my debt but it is annoying. At the moment I am a little over $2,500 in debt which is NOTHING compared to the national average of $9,000. Looking at it reasonably (ie: i need spending cash to live) - I've concluded that my debt will be paid off by May (if not sooner).

    I was also listening on the radio today from an economist and he mentioned how Americans got really used to credit for the past 25 years and now that the credit card companies are realizing that they are lending out to very unreliable people, they are going to start raising APR and slowly withdrawing credit offers.

    it's a very bad time to get yourself in debt - especially now with the federal interest rate adjustments and the fear of a recession.

    also one other point i want to make. i've definitely purchased items that i should have been THRILLED WITH but the guilt of knowing i didn't have the money for it really made my enjoyment level drop dramatically!!

    if you are getting a big tax refund - then spend that instead of putting it on a credit card. it's way less damaging.

  4. #4
    Rising Bag Star mudkipz's Avatar
    Join Date
    Jan 2008
    Posts
    373
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    I'd be tempted, but it's all about self-control and knowing your financial limit.

  5. #5
    Moderator and Blogger boysRsmelly's Avatar
    Join Date
    Sep 2006
    Posts
    17,819
    Post Thanks / Like
    Mentioned
    57 Post(s)
    Tagged
    2 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    Hehe... the national average is $9,000? Well... I can definitely say my husband and I are above average for once! LOL! Okay, probably not THAT funny. Actually its scary... I wish we didn't have so much debt.

  6. #6
    Moderator and Blogger boysRsmelly's Avatar
    Join Date
    Sep 2006
    Posts
    17,819
    Post Thanks / Like
    Mentioned
    57 Post(s)
    Tagged
    2 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    live-love-luxurize - Seriously though, I was to the point where I was going to be sued. Luckily, I was able to "solve" my problems without having to declare bankruptcy. I have a VERY nice credit union and they helped me out of my jam. I'm still paying them off, but at least now the balance owed is going down. I know that the credit cards are very tempting. Believe me, I probably would have been considering similar purchases a couple of years ago. But it really isn't worth it in the end... the guilt, the dept, the possibility of things getting out of control. Sorry, I'm such a downer... but I've been there so I'm speaking from experience.

  7. #7
    Moderator/Blogger VivaLaJuicy's Avatar
    Join Date
    Aug 2006
    Location
    Texas
    Posts
    11,816
    Post Thanks / Like
    Mentioned
    44 Post(s)
    Tagged
    1 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    I agree with the other girls... although it is really tempting... don't do it! If you do get tax refund $$$, spend that instead! Or if you really must buy something with your credit cards, use only one.... and buy yourself the Damier SPeedy you've been wanting! That way, you don't go over $1,000+.... and it's a bag you've been wanting... so... yeah! lol.

    But, I wouldn't buy anything credit... As much as I love credit cards... I don't use them... I always buy big items with cash... it's a lot less stressful!!!

  8. #8
    Official Bagista daniC23's Avatar
    Join Date
    Aug 2007
    Posts
    1,067
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    i'd be tempted, I almost opened a Saks Visa card to be able to buy a bag and make payments, but I don't want to start onto the horrible road of debt so i just wait until I have enough in my bank account and use my debit/credit card for that, it's so much easier, and that way i know if i want something i have to save for that and beyond to still be able to afford 'real' necessities besides more bags, and its paid off at once so i dont have to worry about interest and payments and wont have the temtpation to buy more on a credit card. My credit cards are mainly used for gas and food, plus its got a crappy limit so i can never buy anything of substance (which is probably better)

  9. #9
    Totally Purse Obsessed Alicia's Avatar
    Join Date
    Jan 2008
    Location
    Shoreline, CT
    Posts
    2,067
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    So I guess everyone is pretty much on the same page then. You're all right...it wouldn't be a good idea to rack up a lot of debt! Right now I owe about $700 on one and $400 on another, which isn't too bad. And my payments per month only add up to about $35. Oh, and I owe like $200 on my Best buy card. The only card I've paid off is the one to Express. But anyways, I really want to get the Speedy!!! I think that puchasing it will be worth it. I'm pretty sure I can avoid other purchases that I don't need. So, with that said, I'm going to use my credit card for the Speedy and then pay off half right away. And I'm going to try not to use them until I've paid more $$$ on the others. I think that sounds about right....

    Thanks for everyone's input!

  10. #10
    The Asian Sensation
    Join Date
    Jan 2008
    Location
    Newport Coast, Ca.
    Posts
    1,942
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    yea....DONT DO IT!!

  11. #11
    Bag Admirer coco_chamel's Avatar
    Join Date
    Jan 2008
    Location
    Sydney, Australia
    Posts
    42
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    Quote Originally Posted by live-love-luxurize View Post
    So I guess everyone is pretty much on the same page then. You're all right...it wouldn't be a good idea to rack up a lot of debt! Right now I owe about $700 on one and $400 on another, which isn't too bad. And my payments per month only add up to about $35. Oh, and I owe like $200 on my Best buy card. The only card I've paid off is the one to Express. But anyways, I really want to get the Speedy!!! I think that puchasing it will be worth it. I'm pretty sure I can avoid other purchases that I don't need. So, with that said, I'm going to use my credit card for the Speedy and then pay off half right away. And I'm going to try not to use them until I've paid more $$$ on the others. I think that sounds about right....

    Thanks for everyone's input!
    I'm to scared to even get myself a credit card!!! money at my fingertips! just like that! it's very dangerous for me hahaha.... i think the solution you have come up with is a good one! good luck!


    Live life like it's a catwalk.

  12. #12
    The Resident Shopaholic susieq's Avatar
    Join Date
    Aug 2007
    Posts
    944
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Would you splurge, or at least be tempted to?

    DO NOT PAY THE MINIMUM AMOUNT!! please please please... don't do it. seriously. check out this website: Bankrate.com credit card debt calculator: What will it take to pay off my credit card?

    It helps you realize a few things - how fast you will pay down your debt if you pay MORE than the min. and also how much EXTRA you're paying bc of the APR (and how much WAY extra you pay if you're only giving in the min.)

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •