Comments on: Are You Emotionally Invested In Your Credit Card?

By: Credit Around The Blogosphere

Credit Around The Blogosphere — Sat, 11 Apr 2009 11:33:09 +0000

[...] Bible Money Matters presents Are You Emotionally Invested In Your Credit Card? [...]

By: The Simple Dollar » The Simple Dollar Weekly Roundup: Freebies Edition

The Simple Dollar » The Simple Dollar Weekly Roundup: Freebies Edition — Thu, 02 Apr 2009 02:20:08 +0000

[...] Are You Emotionally Invested in Your Credit Card? This is a really interesting perspective on credit card use that I hadn’t considered. (@ bible money matters) [...]

By: Alllie

Alllie — Wed, 01 Apr 2009 00:16:38 +0000

Yes, I have been and asking God to deliver me. Also taking steps to stop spending

By: Peter

Peter — Tue, 31 Mar 2009 02:17:36 +0000

That’s great to hear! We had a lot of cut up credit cards at our FPU class too. We had the jar in front of class that we’d put all the tiny pieces. Very freeing to cut them up!

By: Mr. NtJS

Mr. NtJS — Tue, 31 Mar 2009 01:58:21 +0000

Peter-

You’ll be glad to know that we just cut the emotional ties to over 90 credit cards at our FPU class the other night.

It’s the most well-funded marketing machine on the planet. Put $400 billion per year into marketing rocks and people will have emotional attachments to rocks!

we’ll have a post coming soon.

By: Peter

Peter — Thu, 26 Mar 2009 15:45:54 +0000

thanks for the poem – put a smile on my face this morning!

By: Ted

Ted — Thu, 26 Mar 2009 15:43:07 +0000

Thank you for the inspiration! My wife and I have been following the Dave Ramsey plan for almost 4 years and I am currently leading my second FPU class. We enjoy reading your blog and after reading yesterday’s entry I wrote a fun little poem to send to my class along with your link.

What are you waiting for!?!

The time has come,
The time is now!
Dispose of those cards,
I don’t care how!

Cut them – Clip them – Snip Snip Snip!
Grab your scissors – get a grip!
Blend them – Shred them – start the chipper.
Use power tools! Just pull the trigger.

Are you a Free Spirit or are you a Nerd?
Fill out your budget, don’t follow the herd.
The credit cards are NOT your friends!
Send them to a timely end.

The borrower is a slave you know,
For the Bible tells us so.
There is no need to pause or fret.
Cut the cards and pay the debt.

Live like no other! Seize the day!
Gazelle Intensity paves the way.
So you can call Dave and shout with glee,
“WE DID IT! WE ARE NOW DEBT FREE!”

By: Kathryn

Kathryn — Thu, 26 Mar 2009 12:38:58 +0000

i have (2) credit cards – they are paid off and I rarely use them! Yet, when I do, I pay them off immediately.

I have “thought” about cutting them up – and still haven’t! I don’t know it that is emotionally invested; I just think …I might need them in an emergency; and some places like airlines – won’t take cash!

By: Weekly Roundup: Frugal Home Office Edition | Frugal Dad

Weekly Roundup: Frugal Home Office Edition | Frugal Dad — Thu, 26 Mar 2009 10:02:03 +0000

[...] Are You Emotionally Invested In Your Credit Card? I suspect this is why so many people rush to the defense of credit cards. They got their first card in college. It has a picture of their beloved dog on it. They charged their anniversary cruise on it three years ago (and are still paying for it). Just remember, if you are starting to feel attached to your card read through the stories (including my own) of companies dropping ten-year members for no apparent reason. In the credit card world, loyalty is definitely not a two-way street. (Bonus, an interesting “plasectomy” video here). [...]

By: Jason @ MyMoneyMinute

Jason @ MyMoneyMinute — Wed, 25 Mar 2009 19:52:32 +0000

There is indeed a big connection. The credit card companies are not dumb. This is why they suck you in with different backgrounds on the card facing to ‘personalize’ your card.

That’s why personal finance is so much more personal than math. You have to detox the emotional baggage before you should even care what is mathematically most correct.