Time to analyze the spending process as to "needs". If you need it, buy it; if you don't "need" it, don't buy it. This will save you headaches, give you more money in your pocket and will reduce the amount of stress in your life.
If you are telling yourself that you will never get out of debt, change your thinking pattern. Anything is possible if you make a decision, concentrate on a goal and dedicate yourself.
Do not believe salesmen either...they will tell you anything to get you to buy. They do not have a job if they don't sell. Research what you need and buy the best quality for the least amount of money.
pic ref: http://calligramdesigners.blogspot.com/2009/07/letterforms-made-by-stuff.html
]]>Where do you want to be in 6 months, a year or 5 years? Do you still want to be in debt? Would you be willing to sacrifice some of your time now so you can have more peace of mind later?
All of these things are totally up to...YOU. You make decisions about your financial future. You are in control. Do not let others, such as salesmen, credit card companies, banks and other means coerce you into getting deeper in debt.
There is not better time than now to get out of debt. Start your goal list today. Read it several times a day, every day and make it your #1 priority.
Getting goals to work for you takes priority setting and discipline, which I believe is a learned habit. Anyone can get out of debt but the steps need to be made to get on the debt-free path first.
What is stopping you?
]]>If so, what is the purpose of having all this stuff?
Purposes for buying "stuff" vary.
Below are some reasons why people buy "stuff":
Although this is not an inclusive list, this list above may include behaviors that are relatable to a person’s situation
Dealing with the debt now, taking steps to get out of debt, penning a plan and ACTING on it is the best solution to a debt-free lifestyle.
Just imagine yourself two or three years down the road with NO DEBT. No car payments, no mortgage, no wasteful credit card payments. What would life look like? Imagine how much money you could actually save for yourself.
No debt situation is hopeless; it is just a problem waiting to be solved.
The moral to this blog is:
“Stuff” does not define us; our morals and values do. Act on what is important to you in life; not what is important to everyone else.
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]]>I’ve also concluded that regardless of the amount of money we have, there are three main reasons people experience money troubles:
1. Financial problems are rooted in one’s refusal to accept the fact that life is not fair. As long as you feel entitled to material things you cannot afford, you will have money troubles.
2. Financial problems are the result of irregular and unpredictable expenses. When people add up their monthly expenses they don’t think about the things that don’t happen on a regular basis. When irregular expenses creep up, they see them as emergencies or financial crises.
3. Financial problems will never go away as long as unsecured debt is carried from month to month. Credit-card debt has an odd way of reproducing.
Financial ease has nothing to do with being rich. It comes as the result of taking responsibility and by following sound financial principles and rules. And the first place to start is examining your spending and getting it in line with your income.
Whether your financial situation requires a minor correction or a major overhaul, no situation is hopeless. Not even in these recessionary times. No matter where you are right now, you can take control of your finances. You can get out of debt and learn how to live below your means. You can get off the financial roller coaster and stay on level ground where money ceases to be an issue. But you’ve got to follow the rules.
Reference: http://www.everydaycheapskate.com/marys-perspective/lifes-money-rules-rule-1-spend-less-than-you-earn/
]]>What we all really need is money for retirement. When we translate all the money we are dumping into debt and lifestyle habits (such as Coach purses and Starbucks coffee), the only people seeing the money are the corporations selling us "stuff". They have become quite good at influencing us in our purchases.
Hope you find this Dave Ramsey bit below inspiring.
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Working on thought processes and your inner self is extremely important to lifestyle change. Healthy habits and thought-processes lead to an "I can do anything" attitude.
]]>Credit card companies, banks and other lending institutions publish information on their websites and also send emails with information that looks to be informative. I find that most of this informaiton is swayed in favor of the lender for consolidation loans or other "we'll help you get out of debt" solutions.
Look for articles that are published by non-profit agencies such as Debor's Anonymous and Consumer Credit Counseling. There is a wealth of information on the internet about debt that is not published by credit card companies. People that have dug themselves out of debt are also excellent sources of information.
If you have credit card debt, try to pay it off as quickly as possible. Never roll credit card debt into a mortgage.
Always look at the source of debt information as it can be extremely misleading.
]]>Anything positive changes in your life may be challenging but are well worth it.
So you can stay stressed out doing something negative or be stressed going down a better path that has a light at the end of the tunnel. Which will it be?
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Reference: http://www.everydaycheapskate.com/marys-perspective/simplify-your-life-in-2013/?utm_campaign=12/31/12%20Simplify%20Your%20Life%20in%202013&utm_medium=email&utm_source=newsletter&utm_content=here#respond
]]>Most compulsive debtors will answer "yes" to at least eight of the following 15 questions.
1. Are your debts making your home life unhappy?
2. Does the pressure of your debts distract you from your daily work?
3. Are your debts affecting your reputation?
4. Do your debts cause you to think less of yourself?
5. Have you ever given false information in order to obtain credit?
6. Have you ever made unrealistic promises to your creditors?
7. Does the pressure of your debts make you careless of the welfare of your family?
8. Do you ever fear that your employer, family or friends will learn the extent of your total indebtedness?
9. When faced with a difficult financial situation, does the prospect of borrowing give you an inordinate feeling of relief?
10. Does the pressure of your debts cause you to have difficulty sleeping?
11. Has the pressure of your debts ever caused you to consider getting drunk?
12. Have you ever borrowed money without giving adequate consideration to the rate of interest you are required to pay?
13. Do you usually expect a negative response when you are subject to a credit investigation?
14. Have you ever developed a strict regimen for paying off your debts, only to break it under pressure?
15. Do you justify your debts by telling yourself that you are superior to the "other" people, and when you get your "break" you'll be out of debt overnight?
How did you score? If you answered yes to eight or more of these questions, the chances are that you have a problem with compulsive debt, or are well on your way to having one. If this is the case, today can be a turning point in your life.
We have all arrived at this crossroad. One road, a soft road, lures you on to further despair, illness, ruin, and in some cases, mental institutions, prison, or suicide. The other road, a more challenging road, leads to self-respect, solvency, healing, and personal fulfillment. We urge you to take the first difficult step onto the more solid road now.
http://debtorsanonymous.org/help/questions.htm
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