Change The Way You Think And Eliminate Credit Card Debt
Posted by: Tina Gold Post date: January 12th, 2010
Have you learned any lessons from the debt crisis? Do you want to eliminate credit card debt? We all had a close call but, unfortunately, it was only the banks that got bailed out. We are left to manage as best we can with our own personal debt problems. We should learn some lessons. First off we need to understand we cannot trust anyone except ourselves and the other lesson is that if you owe money to someone else they have some control over your life.
If you owe money to a bank or credit card company they have a hold over you. You have to work so many hours a week just to pay their interest charges and if you don’t work and can’t pay they will come after you.
Nobody should have to live like that? Always waiting for disaster to strike and your debts to overwhelm you to the point where you lose your home and everything you worked for all your life. We deserve better than that and so do our families. How do you explain to your kids that the debts you built up on your credit cards buying new TVs and cars have become overwhelming debts and the only debt cure available is to lose your home?
We can avoid this happening if we stay in control of our own money and reduce credit card spending. Avoid getting into debt more than you could pay off with a months severance pay. OK, you may not be able to afford to buy the latest TV when you want and you might have to save up for some months but you might be surprised how much spare cash you would have if you didn’t have all those credit card repayments to make.
Imagine if you had no credit card debt and no credit card repayments. No Loans at all. How much extra money would you have spare each month? Most people would have enough for another mortgage payment.
If you can get control of your debts and start paying them down you could be free of debt in a matter of years. You could have spare cash every month and no interest to pay on credit cards and loans. You don’t want to give money to the banks do you? You think they need the money more than you? How do you suppose they can pay themselves all those enormous bonuses? They are making money that ultimately gets paid by people like you and me,
You only have to think about it for a second to realize that you paying interest on credit card debt means whatever you bought with that borrowed money is costing you more than it would cost if you paid cash. Heck, you might even get a discount if you offer to pay with cash.
When you are dealing with a large credit card debt problem life is not easy but you know, borrowing money is a mugs game that only makes the banks rich. There is credit card debt help available to give advice on how to avoid getting in debt and keep the money for yourself and your family.
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