The Article Writer - Austin
Written by Thomas Lechner
If you are just starting spending money and want to set up yourself for the
best solution, to stay as much as possible debt free, or you are already try-
that most wisely, is "to not spend more money, than you personally have
available". The biggest problem you can cause for yourself, is to pretend
being "blind" and say, that you have 20.000 $ cash at hand, because you
got that much limit on the new Credit Card, you just received. You also
cannot count an amount as your "available" money, which you may get
back one day from a good friend. Or your new plan, to sell your house.
The overall bad situation on finances of all these people on the planet, is
coming from spending money, what is not yet gotten in their own pockets.
Number-One-Rule
What you don't have, you cannot spend. Sounds logical ?
But ... there ARE reasons, where having for example a Credit Card, be-
don't have the money yet. But it might be extremely important for your
immediate and future survival. Please use this card, only for that one thing,
so you know exactly, that you can pay it back, easily. And it has to be for
something, what changes your life (for sure) to the better. Having a Credit
Card can really help you, to get something you urgently need, without
you, friends or family start arguing about "money".
A Hint For Your Daily Shopping
For a certain amount of time, long enough for a real evaluation, I observed
customers, shopping in a "WAL-Mart Super Center". I found just 2 types of
shoppers:
1. The person, who fills the shopping card up to the top and you think,
who is gonna eating all of that. And it's not, what you normally call
good nutrition ! It is "food" for watching TV, or coming home and
get a little snag in between from the fridge ... something like that.
They buy a lot of stuff, you cannot really cook, and they nip and
dip around all day, and it cost them a fortune. I'm calling this the
"ruthless shopper". The present-time enjoyment is more important,
than the thought about the money.
2. The person, who comes with his shopping card, and on the "picks"
he/she made so far you can see, that this person knows exactly,
what is missing in the household, and then this is the person,
who is asking for the cheaper products - same quality off course
- and "making a face", if you don't have it. At first you think, these
are the Poor (maybe they are !), but then you actually feel lots of
respect, because you know, that - whatever their financial situation
is - they still do fine. They got some money, they know how long it
has to last, and that it gives them directly their power to survive.
They know, that this is all they have, and what they exactly need
to buy !
You can see, here are some differences in attitudes.
How can you come down from huge debts ?
First of all, don't make them too huge, because you cannot come down
anymore. There comes the moment, where you have to realize, that
"figuring it all out", doesn't help anymore. This will be a very special
moment in your life.
That's all it is !
But there is a last solution, what is perfect for a handling, but not for
your Credit Records. And the name of it is "Debt Relief". This means,
when you went already on for too long time, suffering yourself through
your overcharged Credit Cards, then the government (that's what I
understand - I hope I say it correctly), will help you by law, to bring
you freedom.
There are debt-relief companies, they help people in despair, and they
talk to the creditors, get a good deal, and the overall amount of debts
can go down until the half of it. Because the government or a certain law,
will pay/handle the difference. But however it works, the debts will go
down dramatically. And so a person can much better deal with it, to more
comfortably and relaxed pay it all back.
You just have to think about it, that your entire credit-ability is completely
gone, you will have the most worse credit record "in history". The title is
Bankruptcy. Though somewhere later, you may get it all back easily.
But - if you are a business man, or you want to start one, or you need a
good finance record somewhere soon again, or you want somehow in the
future continue with a normal shopping situation, or getting some new
credit for a car etc, then it might be wrong to do that. It is also possible,
that, if you are looking for a better employment, that it gets found out as
well. Companies watch for such points. Therefore, if you can make some
extra hours on your job, to pay it all off yourself, could be a bit better
solution for that.
Please clear it all up, before you do this step. But it still is
extremely helpful, if you know exactly, what you are doing.
best solution, to stay as much as possible debt free, or you are already try-
that most wisely, is "to not spend more money, than you personally have
available". The biggest problem you can cause for yourself, is to pretend
being "blind" and say, that you have 20.000 $ cash at hand, because you
got that much limit on the new Credit Card, you just received. You also
cannot count an amount as your "available" money, which you may get
back one day from a good friend. Or your new plan, to sell your house.
The overall bad situation on finances of all these people on the planet, is
coming from spending money, what is not yet gotten in their own pockets.
Number-
What you don't have, you cannot spend. Sounds logical ?
But ... there ARE reasons, where having for example a Credit Card, be-
don't have the money yet. But it might be extremely important for your
immediate and future survival. Please use this card, only for that one thing,
so you know exactly, that you can pay it back, easily. And it has to be for
something, what changes your life (for sure) to the better. Having a Credit
Card can really help you, to get something you urgently need, without
you, friends or family start arguing about "money".
A Hint For Your Daily Shopping
For a certain amount of time, long enough for a real evaluation, I observed
customers, shopping in a "WAL-
1. The person, who fills the shopping card up to the top and you think,
who is gonna eating all of that. And it's not, what you normally call
good nutrition ! It is "food" for watching TV, or coming home and
get a little snag in between from the fridge ... something like that.
They buy a lot of stuff, you cannot really cook, and they nip and
dip around all day, and it cost them a fortune. I'm calling this the
"ruthless shopper". The present-
2. The person, who comes with his shopping card, and on the "picks"
he/she made so far you can see, that this person knows exactly,
what is missing in the household, and then this is the person,
who is asking for the cheaper products -
respect, because you know, that -
They know, that this is all they have, and what they exactly need
to buy !
You can see, here are some differences in attitudes.
How can you come down from huge debts ?
First of all, don't make them too huge, because you cannot come down
anymore. There comes the moment, where you have to realize, that
"figuring it all out", doesn't help anymore. This will be a very special
moment in your life.
That's all it is !
But there is a last solution, what is perfect for a handling, but not for
your Credit Records. And the name of it is "Debt Relief". This means,
when you went already on for too long time, suffering yourself through
your overcharged Credit Cards, then the government (that's what I
understand -
There are debt-
can go down until the half of it. Because the government or a certain law,
will pay/handle the difference. But however it works, the debts will go
down dramatically. And so a person can much better deal with it, to more
comfortably and relaxed pay it all back.
You just have to think about it, that your entire credit-
Bankruptcy. Though somewhere later, you may get it all back easily.
But -
future continue with a normal shopping situation, or getting some new
credit for a car etc, then it might be wrong to do that. It is also possible,
that, if you are looking for a better employment, that it gets found out as
well. Companies watch for such points. Therefore, if you can make some
extra hours on your job, to pay it all off yourself, could be a bit better
solution for that.
Please clear it all up, before you do this step. But it still is
extremely helpful, if you know exactly, what you are doing.
What Is it, That Everybody
Is So Crazy About Debts ?
Is So Crazy About Debts ?
