fool_of_a_took!
Super Freak
Collectibles lose value too fast as it is, to be tacking on CC interest on top of that is not right.
Probably not looking for a lecture, but I'd stop buying mostly new collectibles for a while and pay off the CC.
When you have the bill paid down and a little cash on hand you can go back and find those items on the secondary market for even less than retail.
I agree. Not only do they lose value, but by the time you add the total interest you paid while you carried the debt to the cost of the item, you're really in bad shape.
For me, the less debt you have, the better your life is! Other than the mortgage, we dont carry debt. We dont have car payments, cc debt, etc. We worked to pay everything off, and thats the way we keep it. If we cant pay cash, then we cant afford it.
We keep 2 CC for emergencies, not collectibles. Like a new roof if it got blown away.