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How To Overcome Debt Addiction?
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[QUOTE="Caramelle, post: 207513, member: 150"] While debt can be useful in certain situations, it should generally not be the first resort. People shouldn't think that debt is always the solution to all their financial needs. Credit limits are bound to be maximized at some point if we depend mostly on debts and credit cards to support our lifestyle and needs. Countless lives have been ruined by the indiscriminate use of debts. Debt addiction needs to be stopped before it becomes too late. [JUSTIFY]One of the important things we need to do to overcome debt is to deny ourselves access to debt. If you are holding credit cards, stop using them and keep them in a location that will make it difficult to reach them. Pay them off as soon as you can and discipline yourself to live a cash-based lifestyle. In other words, only buy stuff that you can afford to pay in cash at the point of purchase. Stopping debt addition will usually require serious lifestyle changes and commitment. Losing access to debt will likely mean depriving yourself of certain luxuries in life that you can't afford yet. It may mean missing out on occasions like reunions that will require you to spend considerable amounts of money. You will likely hold off high-ticket purchases that make life convenient and comfortable or stop yourself from indulging in luxurious food and experiences. It's a huge sacrifice in most cases but it's all worth it because your happiness and peace of mind depend on the decisions that you will be making today. [/JUSTIFY] [/QUOTE]
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How To Overcome Debt Addiction?
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