For as long as I can remember, my father warned me about the dangers of credit cards.

After I got my first job the summer after high school senior year, it became clear just how irresponsible I was with money. The second I got paid, I would spend it.

My parents suggested I never ever get a credit card, because it was guaranteed to lead to trouble. “Not only is math not your strong suit,” my dad warned, “but you also have zero concept of the worth of a dollar.”

He was right.

I was only a few weeks into my first semester of college when a credit card company in the Student Union Building lured me in with promises of “building credit,” “learning responsibility,” and, more importantly, access to invisible funds that were not mine. I was sold.

I put down my parents’ combined income (since I was a student, after all), and received my first credit card a couple weeks later. I didn’t tell my parents because I was 18 years old, mature and ready to prove them wrong.

Me and My Card

To me, being a grown-up means starting a credit history, so I made my first purchase: shoes.

I waited until my first paycheck — I had a work-study job — paid off the shoes in their entirety, then bought some more shoes. With a minimum payment of $15, I decided I could buy lots of things. I also bought clothes. And treated my friends to lunch if they didn’t have the money.

Once the pizza place started taking credit card numbers, I ordered pizza for me and my roommate almost every night instead of going to the dining hall.

By the time sophomore year rolled around, I had two credit cards and a couple of thousand dollars in debt.

My part-time job at the Gap paid $8.50 an hour, and I thought I was about to hit the big time. However, working at Gap meant wearing their clothes. Before my first day, I bought several “key” pieces in preparation for my fancy new job. I felt it my responsibility to take advantage of my 50% off regular-priced items and 20% off sale.

Enter: Credit Card Number Three

I got a third card because I was pushing my limits on the other two. I had a new boyfriend who was an art student in Boston, and someone had to pay for things.

When you’re applying for a new card, I figured, just put down your parents’ combined income and “pad” it a bit with what you assume you’ll eventually be making with your degree in English.

My monthly minimums between the three credit cards were only around $150. I had a job, and if I couldn’t swing it, I’d call Mom and Dad for grocery money.

…  And Then a Fourth

Once I reached senior year, the boyfriend and I had broken up and I was in need of retail therapy, so I got a fourth (and final) credit card.

By this time, my parents knew about my cards and my father had bailed me out several times for my monthly minimums. But with my credit balance pushing $18,000, the minimum had reached $1,000.

By the time I graduated from college, I was somewhere between $20,000 and $25,000 in debt.

What Was I Going to Do About $25,000 in Debt?

My parents had washed their hands of helping me, because I ignored their warnings.

After graduating, once my first college loan kicked in, I knew I had royally screwed myself. Not only was I in debt to the credit card companies, but I was also in debt to the University of New Hampshire.

I moved back to my parents’ house.

How I Decided to File for Bankruptcy

Living at home, I got a job in the admissions office at a local college, which didn’t cut it financially, even if I was living rent-free at my parents’ house.

So I decided to file for bankruptcy.

A friend of the family suggested the idea. As the friend, who worked in finance, explained, there was no way I was going to get ahead money-wise if I didn’t try to wipe clean the slate of my “youthful mistakes,” and start anew.

Initially, I was completely against this, as were both my parents.

But, this friend explained, the debt had gotten so out of control I’d have to start making well over $100,000 stat (and still live with my parents) to just get even with the creditors. That had to happen before I could even start dealing with my student loans.

After the judge approved the bankruptcy, I walked away with a clean slate and the inability to have credit cards for the next seven years. It seemed like a fair deal considering what I had done, so I reveled in the weight that had been lifted. I also felt embarrassed it had come to that point.

Ten Years Later: What I’m Doing Now

Looking back, I clearly see my irresponsibility and selfishness. I believed my parents would bail me out, as they always had, but I just kept taking and taking.

A few years after moving to New York City, I applied for a credit card again. Surprisingly, I got it. I bought a couple of things, paid them off immediately and cut up the card. The only credit card I have in my wallet these days is a Bloomingdale’s card with a very low minimum that I keep just in case I want to treat myself to something small.

It’s been ten years since I filed for bankruptcy. I did learn that when it comes to money I have trouble discerning the meaning between "need" and "want."

So I make an effort to be aware of how I spend my funds. I make sure bills are paid first, groceries second, savings third and only then will I indulge in things I want but don’t technically need.