conversation: User (james9120): "I have a bit of a spending issue, although its under control now. \n\n\n\nI have $3170 in debt. \n\n\n\nRecently acquired $5000. \n\n\n\nPaying off the 3 cards, and cell phone installment fees saves me $109 month. Also leaves me with $1830 left, plus what's in my bank account ($650).\n\n\n\nWhat should I do with the 3 cards after I pay them off? They are high interest, 20%+.\n\n\n\nThank you everybody. I should have included my monthly expenses (after debt is paid off) and a couple more details. \n\n\nOne of the credit cards is a PayPal smart connect, with a crazy interest rate of 25% and limit of $500. Its pretty useless to me. \n\n\n\nThe others are citi bank and capital one, citi bank is a $1500 limit @ 18.49%, and capital one is $750 @ 19.80%. \n\n\nMy monthly expenses left after all debt is gone is $240 for car payment, $146 for insurance, and $57 for phone bill. \n\n\nForgot to add, $500 of the debt is paying off a cell phone that costs 0% in interest rate. "
  Self: "Yes, pay them off and save yourself the interest.\n\nKeep the cards and freeze them, literally.  Get a small container, fill it with water put the cards in there and out it in the freezer."
  InspirationalMe (InspirationalMe): "Really, the filing cabinet works for me.  Out of sight, out of mind."
  sharkbot (sharkbot): "What works for you might not work for someone else.\n\nThe time it might take someone to thaw the card could be enough to make them think if they really need to buy whatever it is and decide to not spend money they might not have."
  stolpsgti (stolpsgti): "This is true - mine go through the cross cut shredder if they're not going to be used. I don't want them sitting around. "
  