maryea wrote:We get cash back every few months and it goes to help us save for a car.
We may use a PIF credit card with rewards once we've paid them all off, as I kind of like the idea of getting something back from the credit card companies after all the interest we've sent their way.
I first conducted this credit card experiment early in the debt paydown process, and while bookman commented that it appeared I had a lot of pent up anger towards credit cards I think it was more a symbolic confirmation our new resolve to not use credit cards (OK there was some malice as I poured acetone over that ugly AMEX card
). It was my intention to carry out further credit card destruction experiments, but what I found with using YNAB is that I didn't need to. We had found a way to plan for and fund all of our expenses, including an agressive debt paydown program, without even considering the further use of credit cards. As a result the remaining cards are simply sitting in the back of a drawer, biding their time as each payoff date approaches and the account is closed permanently.
Maybe I'll think of some other fun ways to finally dispose of the physical cards, or I may frame them as some sort of morbid trophy head of our slain debt monster, but having escaped from the downward debt spiral we were in the real prize is already ours.