Debt Consolidation

Custom Search
 

Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
Senate Passes New
New Bankruptcy Legislation
How To Avoid
What Does A
How Do You
Do It Yourself
Questions to Ask
How to Choose
Future Secured? Oh
Debt Settlement :
Different Ways Of
Repair Bad Credit
New Bankruptcy Law
Debt Getting You
Debt and Financial
Credit Repair? It's
Corporate Debt Management
The Road to
Fast Track Out
Is Independence Overrated?
How Do I
How to Reduce
5 Options Toward
Don't Drown Your
Your Ticket Out
Debt Negotiation and
Pay Off Your
Getting Past The
Your Secret Weapon...
Secrets to Why
British Families and
Debt Settlement
Establish Money Saving
Home Equity –
Credit Card Debt:
Sitemap
Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
 
Beat the Credit Card Blues: 5 Super Strategies To Eliminate Dangerous Spending Habits
by Stanley Kershman
Many of us consumers continue to struggle to get out from under our credit debt. In fact, the average American is carrying almost $2,500 in credit debt each month. These financial consequences can be critical, and long lasting.For a consume

Many of us consumers continue to struggle to get out from under our credit debt. In fact, the average American is carrying almost $2,500 in credit debt each month. These financial consequences can be critical, and long lasting.

For a consumer paying only the minimum payment of $50 a month on a $2,500 credit card bill, (at the average 16-percent interest,) they are paying off a mere $10 of principal. There's another $40 being added on in interest EVERY MONTH. So in only one year of paying minimums, they still owe $2,380. Now imagine if the credit bill is $15,000 or more...the word dangerous is certainly appropriate.

Want to do things differently? Want to put your debt on a diet? Try these five super strategies and break your dangerous spending habits today:

1. Step away from the counter. Give yourself a time-out when you feel the temptation to make a purchase. For an item over $100, put it on hold, and leave the store. Let the idea sit for 24 hours, and then ask yourself whether you really need the item: the answer is likely "no." For clothing and other purchases, put the item on the 10-minute hold rack. Walk away, get a drink or a snack and decide if you really need it or just impulsively like it.

2. Set goals. Decide how quickly you want to reduce your debt, and how much you can afford to pay down each month - but don't stop there. Set financial goals that involves "positive" incentives, too, such as savings and vacations.

3. Start canceling cards. How many credit cards do you really need? Most people need at least one to handle payments that can't be made easily any other way - and you may need two, depending on where you usually shop or travel and which card is accepted.

4. Lower your limits. Save yourself the grief of overspending and not being able to afford it. Most people don't know that you don't have to accept the maximum credit limit that your issuer is willing to provide. Choose the limit that you're comfortable with, and tell your credit card issuer - in writing - that you don't want any automatic increases. That way you stay within your budget.

5. Consolidate. If you're dealing with several cards with debt, look for a financial institution and apply for a consolidation loan. This loan at a competitive lower rate will allow you to make one convenient monthly payment that is far lower than your various cards and will give you a fresh start.

Stanley J. Kershman, a.k.a. The Debt Doctor, is a leading authority on solving financial disasters. Consumers you can now defeat your debt problems by downloading your FREE COPY of Stanley’s Handy Budgeting Worksheets, http://www.debtonadiet.com/usa/budget.html

And don’t forget to check out “Put Your Debt on a Diet: A Step-by-Step Guide to Financial Fitness” available at http://www.amazon.com and http://www.debtonadiet.com/

 
The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Orient Balance of Athens township Pittsburg Balance of Gilmore township Pittsfield town North Johns town Michigan Hallam borough Humboldt township Wildwood Gillespie township Mentor Madison township Ambridge borough Liberty Lake Livingston Balance of Columbia County Putnam County Janke township Sea Isle Clarkton town Uniontown town Juniata Terrace borough Benton Ridge village Rankin Egg Harbor town Fremont County Pleasant Prairie township Bonita village Walden township USA UK Australia Canada Solomon Islands Tristan da Cunha Cyprus Israel Nagorno-Karabakh Falkland Islands (Islas Malvinas) Cambodia Pitcairn Islands Cyprus Fermanagh Wigtownshire Selkirkshire Lanarkshire Northumberland Wigtownshire Carmarthenshire Aberdeenshire Denbighshire Oxfordshire Indiana (IN) Hawaii (HI) Tennessee (TN) New Hampshire (NH) Montana (MT) Illinois (IL) New Mexico (NM) Kansas (KS) Texas (TX) Oregon (OR) Illinois (IL) Kentucky (KY) Rhode Island (RI) Northern Mariana Islands (MP) Arkansas (AR) Missouri (MO) Indiana (IN) Oregon (OR) Puerto Rico (PR) California (CA)