Making Peace With Your Plastic

I am someone who at times has racked up credit-card debt. I always intend to pay off my balance in full every month, but there have been months when my debt has accrued. (Having good credit and very low interest rates has made this a less expensive proposition for me than for many others.)

When my debt has built up, I've tended to blame external factors. (Being a single parent isn't easy on the finances!) But in truth, of course, it's always been my fault.

While I'm disciplined about putting money aside for retirement and savings -- thanks to automated-payment technology, it's easy to make sure my money goes where it should before I get my hands on it -- I've never been good at keeping a daily record of what I'm spending. At times, that has led to charging more than I could afford to pay off at the end of the month.



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