Sometimes when I think my credit cards, I assign certain personalities to each of them.
Let's take CC 2 - It has the lowest balance of any of my debts, but also has the highest interest rate at 16.99%. When I envision that debt in my mind, I come up with sort of an imp or a gremlin. He is green with a sinister smile and razor sharp teeth. He jumps around a lot and chews stuff up and just plain creates a mess of things.
Then there's CC 1 - Also a high interest rate - 12.9% and a fairly hefty balance at nearly $9,000. When I think about him, I see a slow moving giant with a big club. He kind of swings that club around a lot and crushes my finances.
CC's 3 and 5 have lower interest rates - in the 5% range, They are like two overgrown, clumsy kids, kind of tripping on things an knocking stuff over, but creating spills that I can tend to. I'd just rather be doing other things with my time (or money) so to speak.
Not sure if this sounds weird or not, but I sure like knocking teeth out of the gremlin, giving the giant a bit of a smaller club each month, and helping the kids learn to mind their manners!
Credit Card Personalities
April 20th, 2011 at 11:32 am
April 20th, 2011 at 11:53 am 1303300428
April 20th, 2011 at 01:36 pm 1303306572
April 22nd, 2011 at 04:59 pm 1303491550