My Debt Problem Began With a Wallet

I applied for my first credit card during my junior year of college. The application required an annual salary, which I didn’t have. But not having an annual salary wasn’t an option, so I checked the box indicating $100,000-$120,000. I justified the lie with the internal argument that my father’s income at the time must have been about that—or so I then suspected. I must have been wrong, though, since my father declared bankruptcy two years later. But this is about me and my money mess, not his.

Let’s Throw Some Money at Our Problems: July 2014 Check-in

It's time to check in on our debt payments and savings goals again. If you're joining us for the first time, you can read about our decision to publicly keep track of our debt here.

Let’s Throw Some Money at Our Problems: February 2014 Check-In

Pull up those balances!

Let’s Throw Some Money at Our Problems: January 2014 Check-In

Pull up those balances!

Let’s Throw Some Money at Our Problems: September 2014 Check-in

It's time to check in on our debt payments and savings goals again. If you're joining us for the first time, you can read about our decision to publicly keep track of our debt here.

Let’s Throw Some Money at Our Problems: April 2014 Check-in

Pull up those balances!

Access to Credit and the Poor

In the NYT Times Magazine, economics reporter Shaila Dewan looks at how credit card debt helps low-income people. For one thing, having access to credit and demonstrating an ability to pay back money you borrow builds a better credit profile that helps people save money over time.

Five Credit Card Mistakes You Can Fix

Oops! It happens to all of us. We make a big mistake with our credit cards. These mistakes are not just embarrassing, they can be costly as well.

A Decision to Settle

Emily Gould has a terrifically honest post about her struggle with credit card debt and coming to terms with the fact that she is “a person who fundamentally loves to spend money.” She also walks us through her experience negotiating a settlement with her credit card company with the use of a fake uncle. Read it here.

Photo: Daniel Oines

Let’s Throw Some Money at Our Problems: March 2014 Check-in

It’s time to check in on our debt payments and savings goals again. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here.

Pull up those balances!

And Here Is Your Open Thread

I am not the person to ask about credit cards, because I only use them sparingly and don't do things like play the airline miles game, but perhaps y'all can talk about what has worked for you below.