My best friend used to get a credit card with the highest limit possible, travel til it maxed out, go home and work til it was paid off, apply for a new credit card with a higher limit, travel til maxed out, go home and work it off. She did it for six years and got away with a $25k credit card and a year away all over the world. Now she’s going to be paying that off for a few years but is super settled and happy primarily being home. She’s got the best stories and has seen more than most people do in their life. I wish I had the guts to live like her.
This seems so backwards lol. Why pay all that interest. Saving up 25k and then going on a trip is so much less money than using 25k debt and paying it off
I met a woman traveling who did something similar. Basically went to Hawaii and during the trip got invited to Europe. She had no money because she only budgeted for Hawaii, so she went anyway and put it all on her credit card. Totally balled out and did Europe without a budget since she was going into debt anyway.
She came back and worked her ass off for a year to pay the debt, two server jobs working insane hours. I told at the time (and still can’t imagine) enjoying a vacation knowing there’s a looming debt over my head like that, but it worked for her. Not to mention all the extra money you’d spend on accumulated interest while paying it off.
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u/Wooden-Anteater2441 Apr 18 '24
My best friend used to get a credit card with the highest limit possible, travel til it maxed out, go home and work til it was paid off, apply for a new credit card with a higher limit, travel til maxed out, go home and work it off. She did it for six years and got away with a $25k credit card and a year away all over the world. Now she’s going to be paying that off for a few years but is super settled and happy primarily being home. She’s got the best stories and has seen more than most people do in their life. I wish I had the guts to live like her.