This wonderful Khan academy video explaining how credit card interest is calculated is just another reason to not use your credit card.
If you find it hard to break free from the endless cycle of purchasing ‘stuff’ try freezing your credit card. I don’t mean freeze your bank account but
literally put your credit card in a container of water and freeze.
That way when you want to use it you will have to carefully consider whether you really need this latest edition of ‘stuff’ for several hours. Chances are you will change your mind. This can also work with your current account card if you defrost your card on a weekly or monthly basis when your wages come in. Withdraw the cash you want to live off then freeze it again. The savings will pile up and the debt will disappear. (disclaimer: I’m not really sure how much freezing and defrosting a credit card can physically take)
Simply not having the option to impulse purchase over time will wean you off the idea of non-conscious auto-buying. Soon you won’t need the physical barrier between you and your card. When you have cleared your debt treat yourself to a nice experience rather than a material good – the memory and pleasure of an experience lasts longer.
Why not get rid of the credit card altogether you say? If that works for you I fully congratulate you. I have mine for internet subscriptions etc (which I pay off before interest is charged) so I feel it has its uses. I wish it wasn’t made of plastic though.
Why does credit card debt link to the new approach to the environment? The enormous problem of convenience materialism our society has created results in an increasing amount of ‘stuff’ that usually ends its life in landfills or worse the oceans. In particular plastics are a horrible burden on the environment. Credit cards facilitate this culture of accumulation of ‘stuff’ we don’t need. A more careful and considered approach to consumerism by the average person means happier lives free of debt, less unnecessary ‘stuff’ eventually thrown away, plus greater satisfaction and value from the stuff we do own.
If you try the debt-free freeze method let me know! I know you can succeed and I love to hear positive stories.