Before Declaring Financial SOS, Cut Up Your Credit Cards
credit: batega
American families have discovered an almost iron-clad method for debt control and financial well-being: cutting up their credit cards.
Begin by closing all of your credit card accounts. If there are one of two that give you great discounts, keep them, but make a promise to yourself that you will always pay the bill of in full. Then, draw up a budget, and take into account paying off debts, saving for future events, and treating yourself to the occasional vacation or expensive treat. Pay for everything in cash - either with money itself, checks, or your debit card. (more…)
credit: batega
American families have discovered an almost iron-clad method for debt control and financial well-being: cutting up their credit cards.
Begin by closing all of your credit card accounts. If there are one of two that give you great discounts, keep them, but make a promise to yourself that you will always pay the bill of in full. Then, draw up a budget, and take into account paying off debts, saving for future events, and treating yourself to the occasional vacation or expensive treat. Pay for everything in cash - either with money itself, checks, or your debit card. (more…)
