I'm a Smart Money Squad contributor for GOBankingRates.com – “a personal finance resource designed to make learning about money and managing your finances more fun and less intimidating.” Here's my latest contribution, or see all of my Smart Money Squad Articles.
In the past, I made really poor decisions with my credit cards. I told myself I had them for emergencies, but then I used them for everything but. Air travel? Wine? New clothes? I’d put it on a card.
So, to get my spending under control and avoid temptation, I cut them up. I switched to a cash emergency fund instead to be used for actual emergencies.
Sounds pretty smart, right? Well, almost.