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blumi

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On a fixed income, how to stop using credit card
Started using my one credit card to survive in 2008 when gas prices went up and drove everything else sky high. Now I owe nearly $8,000 on the card (which includes a little over $2000 on an 18-mo no interest card) and over $8000 on a student loan. I've gotten down my monthly expenditures by mostly eating starches (spaghetti etc) for the last couple weeks of the month, but if I didn't use my card, I would starve as well as be unable to pay other bills. It's turned into a vicious cycle. I hate to file bankruptcy, but after working decades to get and maintain excellent credit, that is pretty tough to contemplate, plus I'm not even sure I'm eligible. Is this what I worked all my life for? The "golden" years?

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