When we carry a large number of credit cards, it is just human nature that we use them. When I was in the debt mode, I used to actually think to myself "wow, I have 50 thousand dollars in my pocket". That was a pretty destructive thought process. If you don't incur the debt, your better able to save for the future and have money ready when you need it. Change the thought process, and change the habits.
You have no friends at the credit card companies. They have one goal in mind and that is separating you from your money. Insuring that you are in debt, and continue to pay them for months and years. While it sounds simplistic, if you can't pay for it in cash, you can't pay for it at all.
Remember, being a little short because you made a purchase of something that you wanted or needed is one thing. Being short, and having the credit card companies drown you in increasing debt for years to come is much worse.
Mortgages and auto loans are areas where we want the best interest rates. If your consumer debt is too high, both of these areas will be difficult. If our consumer debt is really high, debt elimination programs may be necessary before we even buy things like homes and cars.
Credit cards are not extra money. They are convenient, but should be used for needed items. If you have enough will power, then keep one available for emergency purchases. By emergency purchase I mean new tires, or car repairs, not a new T.V. Stay out of debt, by avoiding it altogether. Its easier to avoid debt than it is to eliminate debt.
When your debt becomes a problem, you are better off destroying all but your lowest interest rate card. Make some room in your budget to begin paying off your highest rate card, even if it means working more, or spending less. Whatever you do, don't use the card!
It is vital to pay more than the minimum payment. Let your payments snowball, and you will eliminate your debt sooner. If you have 5 credit cards, make a higher payment on one, while paying minimum on the others. When that one is paid, apply the payment from the first card, to the next one.
Transfer your balance to a lower rate or zero rate card if you get an offer for one. Just don't use the card! Debt elimination is easier at zero percent interest. Don't get stuck in the "low introductory rate" trap. Make sure that the balance transfer amount stays at the lower interest rate until it is paid off. Then, ideally, destroy the card.
Just think about how much less stressed you will be after you have eliminated your debt.
(article (C) 2008 verycoolwriting.com)It's important to remember that technology is supposed to be an enabler, to live a better life, not a disabler!The internet has become an exceptionally good time waster. So how do you live a better life, almost immediately?(verycoolwriting.com)1. Check your e-mail/blog/twitter/facebook/etc once a day, maximum 30 minutes.Set aside a time in the morning or evening when you do this. I know it will be hard, but it will free up so much of your time it will be incredible. And don't spend more than 30 minutes. Unless you run your own business (in which you should pay someone to do this for you), you should talk to people face to face.2. Eat before checking your e-mail!Yes, it's true. Your e-mail will still be there after breakfast. J It's not going to disappear, especially the 100 spam e-mails you got. Eat something first. Start your day off right, not ?write?! (haha, nice pun, eh?)3. Choose to talk to people face to face.It is all to easy to get involved in 'online' romances, MSN'ing friends, checking out the latest sports scores, but remember, when you are doing this, you aren't living, you are literally plugged in like an appliance, not moving, sitting in front of a box! Would you rather kiss or hug your computer? Or kiss and hug a real person? Just because you can make out in a game like the Sims or Second Life, doesn't mean you are doing that in real life. Get out and life life!4. Reduce your cellphone/blackberry/PIM/Pilot/etc usage to 30 minutes day. Let's say at night time. It's funny, in the early 90's ? you were considered rich and powerful if you had a laptop/cellphone/or pager. Now, you are considered rich and powerful if you don't have to respond to every single e-mail/cell phone call/beep or blip that comes your way.? 2008 VeryCoolWriting.com5. Go on a technology ?fast? for a week, or at least 3-4 days.Anyways, above are a few quick tips to help get you back on a happy lifestyle track. I hope you enjoy my anecdotes, and feel free to leave comments! Have a great day! ? 2008 VeryCoolWriting.com
Both Ted Batron & Terry Peterson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Ted Batron has sinced written about articles on various topics from Anger Control, Debt Management Counseling and Finances. Are you ready to get control and eliminate debt? You really can without filing bankruptcy and destroying your financial future. Take the. Ted Batron's top article generates over 27100 views. to your Favourites.
Terry Peterson has sinced written about articles on various topics from Finances. Visit verycoolwriting.com () for other great articles!. Terry Peterson's top article generates over 480 views. to your Favourites.