A sobering cartoon

I came across this little cartoon on Mint.com, which I found rather sobering. I mean, everyone knows if you only pay the monthly minimum on your credit card the balance will go nowhere - but to see it depicted in such a riveting piece of art really made it all the more scary. I've actually stop using plastic altogether - knowing that if I didn't, I'd never pay my cards off. It definitely makes things difficult (booking flights, for example) but makes me a lot more disciplined - if I don't have the cash, I won't do it. Saying no may mean missing out on some fun times, but I don't want to be 45 and living in my mom's basement in NH because I couldn't reign in my spending. In the long run, a few years of suffering will surely be worth it.


Personal Finance Sofware Mint.com