View Poll Results: Do you carry a credit balance over after Christmas without paying it off in full?

Voters
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  • Yes, Christmas is important to us so it is worth making extra interest payments

    1 5.56%
  • No, If i use my card I pay in off in full every statement

    12 66.67%
  • Yes, what is the big deal?

    0 0%
  • I don't charge period

    5 27.78%
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Thread: How many carry Christmas debt over on their credit cards and not pay it off?

  1. #1
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    How many carry Christmas debt over on their credit cards and not pay it off?

    Just curious how many here over spend at Christmas using their credit cards without paying it off on the first statemet afterwards. Private poll so know one will know who you are unless you reply and say why.

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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    I normally just pay cash or debit card for everything. I used to use credit cards, but kept the accounts open, and paid them off. I won't go back to using them unless my situation is extreme. I HATE being in debt.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    I have credit cards but I only use them in emergency situations. Christmas comes out the bank account.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
    Stephen R. Covey


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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    Quote Originally Posted by lizzie View Post
    I normally just pay cash or debit card for everything. I used to use credit cards, but kept the accounts open, and paid them off. I won't go back to using them unless my situation is extreme. I HATE being in debt.
    I use cash and my credit card, I never use my debit except at the ATM. I pay it off in full every statement and reap the miles for our vacation travel. I am covered for false charges on my credit card but I am not sure I would be using the debit card and the hassle of having my bank account drained in the process would be extra stressfull.

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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    Quote Originally Posted by Rocketman View Post
    Just curious how many here over spend at Christmas using their credit cards without paying it off on the first statemet afterwards. Private poll so know one will know who you are unless you reply and say why.
    I usually carry over from purchases I make around Thanksgiving time to January. So I pay one month of interest charges and yes, for the deals I get in November it is worth it.

  6. #6
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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    Can you wait a sec.

    Just sending off some checks marked "Christmas 1988" on them.


    I'll get back to you with my answer when I'm finished.
    "you're better off on Stormfront discussing how evil brown men are taking innocent white flowers." Infinite Chaos

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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    I keep a credit card on hand just for Christmas, don't use it for the rest of the year and I pay it off by the end of Jan. Keeps me on budget that way.

    Depending when I made the purchases,(usually between the Dec 10-24th) I pay little to no interest.

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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    I budgetted $150 for christmas and spent almost exactly that. I never charge on a card for Christmas. Gifts are, by their very nature, nonessentials.

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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    Quote Originally Posted by Rocketman View Post
    Just curious how many here over spend at Christmas using their credit cards without paying it off on the first statemet afterwards. Private poll so know one will know who you are unless you reply and say why.
    Well, I just got my first card because I need to build a credit history, and my approach to it is this.

    I want to use it for stuff that appears frivolous to them, so they will assume I'm an idiot who doesn't understand budgeting and they can get me for interest. For some reason, people who spend this way seem to have their scores and limits perpetually increased.

    So yes, I did buy some Christmas stuff on credit, as well as some formal clothes I need. No groceries or liquor -- that makes me look broke.

    I have the money for all of it. I don't buy anything I don't have the money for, right this second. But I do plan to let one of the more expensive items roll over for one extra month -- again, to make me appear stupid with money.

    Once I have sufficient credit history, the card goes in a drawer for a Doomsday scenario (I have a lot of savings, so it would have to be something truly catastrophic).

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    Re: How many carry Christmas debt over on their credit cards and not pay it off?

    Between my husband and I, we only have one credit card, his, and it is a low-limit card. We buy everything with money we actually have except for big items. This limits us to a point, but it also forces us to save money for what we want.
    "A woman is like a teabag, you never know how strong she is until she gets in hot water." - Eleanor Roosevelt

    Keep your religion out of other people's marriages.

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