The Chinese New Year will be upon us in 2 days’ time. I am a little on the superstitious side, so I try to do whatever that’s said to be good and avoid the bad. One of the things that people believe in is to not carry forward any debts you may have into the new year. Of course this does not mean you have to finish paying up on your housing or car loans since these are huge debts that we owe over a very long period. But smaller debts should be paid off in full where possible. If you owe friends money, however small the amount, you should just pay them back. Don’t start the new year with debts written to your name.
So today I’ve taken the time to make sure that I go to the bank personally to cut up some credit cards which I no longer use. I don’t want to carry credit to my name. Credit that I don’t make use of anyway. All in all, I cut up 3 credit cards today and it feels real good to know that some load is off your shoulders. These aren’t debts exactly because there are no amounts owing on these credit cards, but at least I’m clearing total credit to my name in the financial system.
Here’s wishing everyone a prosperous new year ahead and let’s hope that the Year of the Ox will bring us good fortune! Gong xi fa cai and happy holidays!
