1. Can I cancel my credit cards and still make monthly payments? 2. How can I live within my means if my bills exceed my income? 3. If I cancel my credit card account, won't this show up as a negative entry on my credit report? 4. If I'm carrying credit card debts, isn't it stupid for me to save money that I could use to pay the debts more rapidly? 5. Isn't the word "cheapskate" demeaning? 6. When should bankruptcy be considered as an option?