How To Get Rid Of Credit Card Debt For Impulsive Shoppers

If you think shopping is fun and the mall is your paradise, you don’t really make that much but this just gives you even more time and energy to seek out brand names, then you’ll probably get into credit card debt eventually.

First of all you should know how terrible credit card debt is. Read something about medieval life feudalism, then imagine this: at every end of the month when you finally receive your paycheck you’ll remember that the money is not really yours because you’re in debt, so you’ll have to use it to pay a part of what you borrowed… plus interest. Yup. Interest. It’s the money the bank gets for doing ABSOLUTELY NOTHING except giving some money to poor sobs in need. You’ll end up living paycheck to paycheck and feeling guilty about everything you buy.

Now that we’re back on the subject of shopping, the root of all your expense problems is this: you don’t understand the difference between NEED and WANT. Don’t feel bad, it’s a thin line these days. For example: you go into a store and you see a really great pair of shoes ON SALE, and you feel you NEED to buy them, but you already have 10 pairs at home, still in their boxes, which means you just WANT them. Basically, if you don’t have to keep your shoes together with duct tape you don’t NEED new shoes.

If you’re already in credit card debt but still shopping away every dime AVOID STORES, because clearly you can’t control yourself. If you have to go grocery shopping LEAVE YOUR CREDIT CARDS HOME, just take the money you need in cash so you don’t over-spend. If you see something expensive you want to buy, wait 24 hours before you make the purchase (you know, like alcoholics wait an hour when they feel they want a drink).

Remember that SALES occur on a regular basis so there’s no need for celebration. Don’t get overexcited and star spending. Just think about that credit card bill in the mail. Banks feed on people like you. There’s nothing wrong with wanting to have nice things, but if you start living beyond your means you’ll get into trouble sooner or later.

Once you get into credit card debt all you can do is pay. There’s no other way out. And wouldn’t you rather keep the interest rate for yourself?

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.