My thought for the day: I hate credit cards.
We lived for years without credit cards. We had no choice in the matter because we filed bankruptcy in the 90s and no one would have anything to do with us financially for years after.
In order to qualify for a decent refinance rate, our bank told us to open up credit cards accounts in order to build credit. We had no tradelines, no open credit accounts, nothing. For all intents and purposes, we had no credit at all. Well, we were finally able to refinance almost a year ago and we refinanced into an excellent 15 year loan at a low fixed 3%ish rate. Very low and affordable payments. That part is the good part.
The bad part is that, yes, we opened up credit card accounts here, there and everywhere and now have quite the roster of credit cards. I was never good at paying bills on time back in the day and gradually got better at it over the years. Now, I am a stickler for paying everything on time and hate to see the words "Payment Past Due" on anything .... it creates huge anxiety. Some of the cards have balances on them in order to produce that arbitrary credit score in the 700s, which leads me further to believe that the banks and the credit bureaus are in collusion. Why should I need to carry a 30% usage balance on these damn cards when I don't want to? All in the name of the Credit Score, that's why. Because when I pay these balances off, my credit score drops. Every time.
Well, we have been using the cards and, with all the clusterf*cking going on around here just lately, we haven't been keeping an eye on the balances. We are up to $3500 on these damn cards as of today and I am very disappointed in myself. It shows that I still don't have the self control to manage credit. I tapped Vanguard for a $5000 withdrawal to pay off these cards and to pay the final balance due to the contractors who are still here finishing up the bathrooms.
I know what I need to do and I just need to get on and do it. I need to kick adult children out of the nest, get this house finished and save my ass off. As if it all weren't enough, a family member called last night to see if we could lend money. It never ends.