Credit Cards Are The Tool Of The Devil : Blog Of The Nation Credit card debt suffocating you? We've got advice on how to chip away at that debt.
NPR logo

Listen to this 'Talk of the Nation' topic

  • Download
  • <iframe src="https://www.npr.org/player/embed/87890667/87892600" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Credit Cards Are The Tool Of The Devil

Credit Cards Are The Tool Of The Devil

Listen to this 'Talk of the Nation' topic

  • Download
  • <iframe src="https://www.npr.org/player/embed/87890667/87892600" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

It's really hard to get out the scissors. Source: b.franchina hide caption

toggle caption
Source: b.franchina

Public radio is a thing you do for love — not money. When I worked at a member station, the starting salary was so teeny that there was no way I could support myself without using my credit cards — to pay for gas, food, and yes, the occasional pair of peep toe heels. It was a constant calculation — pay off my debt, or pay my electric bill. Sometimes I would (and still do, argh) send too much money to the cards, and end up seriously cash poor. Compounding the whole thing is an interest rate that would make a loan shark blanch. Sigh. The responsibilities only grow — now I own a house, and a car, and a whole raft of handbags that I might start selling off — and the problem of debt management only becomes more serious as time goes by. I've discovered some nifty online tools to help (Mint and various debt calculators are my favorites), but there are so many conflicting ideas about how to manage your debt, that the whole thing just makes me want to buy stuff on Ebay just to make myself feel better. Well today, we're going to help you figure it all out — so whatever the size or shape of your debt, let us know, and we'll give you some solid advice about how to get out from under it without selling your handbag collection