5 Debt Cures Anyone Can Implement

Did you know that the  average household debt  is over $15,000  in credit cards alone?  

So, what are thecures for debt? Here’s our list of 5 ways to  get rid of the debt  and to instead  strive  toward debt free Christian living.

 1.    Reduce The Stockpile of Credit Cards 

Did you know that the average number of credit cards per person is 3.5 credit cards?  Keep just one card, which you  don’t   keep  with you. That card will be used for  actual  emergencies, to reserve a hotel room or rental car and other necessary uses.  Even if your credit cards have a balance,  get rid of the cards  as you work on getting out  from under the  debt.

  Ignore  the pre-approved or pre-selected offers you get in the mail.  There are  very few   individuals  who need more credit cards.

 2.    Develop New Habits 

The average credit card user has debt that is 14 years old.  Habits have formed around managing debt in payments instead of payoffs.

It can be hard to  reverse  that dynamic with money .  It’s imperative  to understand that debt cures don’t  actually  exist without avoiding more  expenditures,  working hard to reduce  money owed to others  and cultivating a change inspendthrift habits over time.

For more information on Christian debt consolidation and Christian debt management including financial calculators to  gauge  your current financial health visit www.Debt-Free-Christian.com. 

 3.    Reduce Frivolous Spending 

It’s true that you must spend money to live, but many  individuals  have gotten  into a habit of consumerism.  We  run  to the mall for entertainment on a rainy day, we eat out because we  won’t make  time to  prepare  dinner, and we shop for  sales  at the store  that are just “too good” to pass up.

Even if you use cash for your  expenditures,  you’retaxing your financial  well being.  Add up – just for  one week  – how much you spend on your little shopping trips. Now think about how you could have used that money more effectively instead . Even a  insignificant amount invested over time adds up to big dollars. 

4.    Follow A Plan 

 Whatever process   you choose,  start a   a payment plan and stick to it. 

You can  decide  to take out a  consolidation  loan, or  you may want to work  with a debt reduction company that will help you  payoff debt and reduce your existing payments,  or you might set up your own payment plan using the debt snowball method to  payoff debt.   Whichever methodyou choose, choose it carefully and then  follow the plan.   

5.    Stop Abusing Your Line Of Credit 

 We all know people who  get rid of the  credit cards and begin working on debt butfind they can still shop using their credit card number.  Most  online  sites can  keep your payment information saved, so it’s  very easy  to click “buy” without much  thought.  

 To get started  – if you have online accounts that  have   stored  credit card  details,   sign  into your account and delete that information. Not only  will  that protect you if the online store’s servers  go down,  but it  helps you not to  make a quick and thoughtlessshopping decision.  If you don’t have the cash,  you  should not  buy the item.  

Source for Credit Card Statistics:

http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php

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