Doctor Debt Blog


One credit card with a dash of control please!

Seriously, why do you have more than one credit card? The likely answer is (although I’m sure many won’t admit it) “so I can spend more money than I earn”. The intentions might be good (buy necessities, pay for the kids sports, buy gifts) but the results are the same (if you consistently spend more than you earn, you will eventually hit a financial brick wall, and your finances will crash). This might mean something as drastic as losing a home or something less severe like paying for a decade or more for living above your means for a few years.


Welcome to the Dr. Debt Blog

What amazes me is the way our relationship with credit has changed. It used to be that we used credit sparingly for things like a mortgage or car loan. Households maybe had one credit card; two was pushing it.