When I was plain single (not a single mommy) I had an awesome relationship with credit cards. I swiped anywhere I want anytime I want and buy anything I can get my hands on using plastic. I didn’t care much and was blinded by the fact that I will still need to pay for every cent I spend using my credit card and more. I was “managing” my card very well by paying for the minimum amount every month. I had no idea I was sinking myself into debt until the time I maxed out my card after giving birth because I went gaga shopping for baby stuff.
After childbirth, I didn’t have enough time to beat deadlines on my credit card payment. Because I was a first time single mommy I was always preoccupied juggling things I have to do at work and being a mommy. That was the only time I became aware that I was just paying the interest I owe with my cards and not really lessening my credit at all. Only then did I realize that I was using one of the notorious cards , bad credit credit cards , who charge an unreasonable interest rate of 20% a month.
I learned my lesson well after that. I paid them what I own and have that account closed and swore never to use their card ever again. I got a new card but not from that bad credit card company who eats all the money we work hard for.
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