You Can Be Debt-Free

I have blogged about this before.  This subject is near and dear to my heart because I know just how desperate it feels to have more month than money and more bills than you can pay.  And once you get behind the debt keeps piling up and up and up until it looks like there is no way out.  Fortunately, there is a way out.  It may not be easy, but it is one-thousand times better than living in constant fear and perpetual embarrassment.

If you are struggling with debt, please check out this Debt Relief website. They can have you debt-free in as little as 12 months and you can be in control of your own life again. No more cowering when the phone rings. No more florescent envelopes in the mailbox. No more sitting in the dark when the electricity bill goes unpaid.

Sometimes You Just Need Help

In today’s economy more people than ever before are looking for financial education, credit counseling, and debt management. I don’t know why these aren’t standard curriculum in school classrooms. Why is it that most Americans don’t teach their kids about s3x and money until after they’ve gotten into trouble. Experience might be the best teacher, but it certainly isn’t the easiest and some mistakes are forever.

Luckily, money mistakes can usually be corrected. If you are struggling with overwhelming credit card debt you might be an excellent candidate for debt consolidation loans. The Debt Consolidation Connection is a non-profit agency designed to help people manage their debt, and get their financial lives back under control. If you need help, check them out.

When I first got out of college my credit cards were maxed, the student loan payments came due, and I still had rent, utilities, groceries, etc. I sat with my checkbook and my bills one day and just crying. Thanks to my education I had a better paying job than ever before, but thanks to my bills I actually had less money to live on at the end of the month than I did when I scrubbed toilets for a living.

Getting into debt is easy. Getting out is harder. Still, it can be done. I paid off three credit cards, kept a roof over my head, made my car and my insurance payments, plus built a savings account. It wasn’t easy. I often worked three jobs. I also did without the “latest and greatest” gadgets and toys, but it was worth it. And the few luxuries I did purchase were researched and well thought-out. I paid cash for them so I had to scrimp and save to get them. Because of that I value them so much more than I ever valued any of my credit card impulse buys.

Get Out From Under Debt

In these days there are a lot of folks looking for financial education, credit counseling, and debt management. Amoeba says he doesn’t understand why the American system is so backward. We don’t teach our kids about money or s3x until after it is too late and the worst mistakes have already been made.

If you fall in the money category for “worst mistakes” and are struggling with overwhelming credit card debt, you might be an excellent candidate for debt consolidation loans. The Debt Consolidation Connection is a non-profit agency designed to help people manage their debt, and get their financial lives back under control. If you need help, check them out.

I remember when I first got out of college. All my credit cards were maxed, the student loan payments came due, and I still had rent, utilities, groceries, etc. I remember sitting with my bills one day and just crying. Thanks to my education I had a better paying job than ever before, but thanks to my bills I actually had less money to live on at the end of the month than I did when I cleaned toilets for a living.

It is easy to get into debt. Getting out takes a little more work, but I am here to tell you that it can be done. I paid off three credit cards, kept a roof over my head, made my car and insurance payments, and built up a savings account. It wasn’t easy and I often had to do without the “latest and greatest” technical advance, but it was worth it. Not only that, what luxuries I do own were researched and well thought-out purchases and I value them so much more than I ever valued any of my credit card impulse buys.

Using Credit Wisely

Too many people get credit cards and think of them as “free money”.  There is no such thing as free money and I’ll just get it now and pay for it later is a mind set certain to lead you into financial disaster.

I carry one card.  One.  I keep it in case of emergency.  Every three or four months I charge something on it and then pay it off in full, immediately.  The longer you wait to pay for an item, the more interest you are going to accrue and the more that item is going to cost.  The reason I charge something and then pay it off pronto is to keep my card active and keep my credit rating looking good — in case I should ever have an emergency that requires credit.

The banks that put out credit cards actually want you to misuse them.  That’s how they make their money — by charging you more and more and more. For that reason, you need to be alert when you are applying for credit and filling out credit card applications

  • Make certain you know what your interest rate is at all times.
  • Do not use your credit card for luxury purchases if you can’t pay the items off quickly.
  • Be skeptical of 0% interest rate offers and make certain you wholly understand to the date how long that offer is good, and what the interest rate will revert to at the end of that window.
  • Misusing your credit card is the fastest way to bury yourself in unmanageable debt.

If I sound to you like I am someone who knows what I am talking about, it is because I have “been there and done that”. I got myself through college using credit cards, then spent the next five years scrimping and saving to pay them off. I worked three jobs. One fed and clothed me. One made my car payments. One paid my credit card debit. I was working 12-15 hours per day, 7 days per week, to pay for things long consumed. It isn’t a mistake I will make again.

If you have credit card issues or questions, the U.S. Department of the Treasury has a website you might wish to peruse: Helpwithmybank.gov. You can find explanations for credit terms, credit laws, credit management techniques, dispute procedures and much more with just the flick of your mouse.

Remember, spending beyond your means will not help you live well. It is very hard to enjoy your luxuries while you’re stressed wondering how you’re going to pay for them — or while you’re off working at the three jobs it takes to keep them from being repossessed. If you must use credit, remember it is a tool. Educate yourself on how to use it wisely.

Latest Debt News

Have the recent economic struggles been tough to weather? Good news, there has been a recent drop in unemployment statistics. However, there’s bad news for others who remain unemployed and unemployment benefit extension is about to run out. If you have been left with more debts than money and need help making your ends meet, you need DCC.  Debt Consolidation [dot] com can provide you with the tools you need to get out of debit and the financial education you need to stay out of debit.

DCC is a non-profit organization specializing in debit consolidation.  The free resources on their website alone are a fantastic asset for anyone looking to better manage their money.  You can learn about budgeting, investing, retirement planning, taxes, insurance, college planning and more. DCC also provides free debt consolidation and credit counseling consultations.