Author - Bev Dodd
Money and credit is an emotional part of life and just like a relationship it can cause us problems. One of the first steps to dealing with a relationship is to recognize that we are having a problem; with debt or spending we need to recognize there is also a problem.
Some of us may characterize ourselves as penny-pinchers, compulsive spenders, gamblers, over-spenders, under-earners, or financial wrecks.
How we look at money, how we act with it, and what we expect from it determine how we relate to it and, ultimately, how much we have. If we're not happy in a personal relationship, we tend to look at the other person. From there, we look at our own behavior and how we deal with it. What can we change? If we're not happy with the way we're relating to money, if we're uncomfortable with the amount of debt in our lives, we need to look at changing the way we behave with money. But unlike a marriage or long-term relationship you can't go out and find a new partner. Debt and credit is for life, whether we like it or not.
Start assessing your relationship between you and your money. Note your spending habits and more importantly the emotional events that you are currently going through when you are pulling out your wallet and credit card. This is key to controlling credit card debt and ultimately keeping more money in your bank account.
When we first meet a person we only see the surface and not what that person is really about. Credit cards are no different, they look good with their pretty pictures on the front, but when you look at the fine print on the credit card application it tells a completely different story. This is where you want to dig deep and know exactly what you are getting into. People and credit cards should not be a controlling factor in your life. They should compliment your life and make you better.
Many people take marriage seminars and read books on how to improve a relationship. We can do the same with our finances. Read what financial planners are saying about getting out of debt and how to use a credit card responsibly.
Ideally you will want to build a long lasting financial relationship with your credit card company and your bank. This should be a card offered by your bank, meaning mastercard, visa or American express. Normally it’s best if they are one and the same. Anyone that has had two dates in one night will understand that.
Reducing our expenses and taking control of our credit card debt and spending takes care and time the same way it takes to build a strong and lasting relationship.
What you will need to do first is find the best credit card for your spending habits. Most consumers look for great rewards like cash back or bonus points. These can be a benefit but they are normally reserved for good and high credit ratings. The monthly interest rate is far more important.
You can't divorce a credit card or credit card debt only find another partner with the same problems, just different picture. Unless you change your attitude towards credit and how you are going to relate to it!
Some of us may characterize ourselves as penny-pinchers, compulsive spenders, gamblers, over-spenders, under-earners, or financial wrecks.
How we look at money, how we act with it, and what we expect from it determine how we relate to it and, ultimately, how much we have. If we're not happy in a personal relationship, we tend to look at the other person. From there, we look at our own behavior and how we deal with it. What can we change? If we're not happy with the way we're relating to money, if we're uncomfortable with the amount of debt in our lives, we need to look at changing the way we behave with money. But unlike a marriage or long-term relationship you can't go out and find a new partner. Debt and credit is for life, whether we like it or not.
Start assessing your relationship between you and your money. Note your spending habits and more importantly the emotional events that you are currently going through when you are pulling out your wallet and credit card. This is key to controlling credit card debt and ultimately keeping more money in your bank account.
When we first meet a person we only see the surface and not what that person is really about. Credit cards are no different, they look good with their pretty pictures on the front, but when you look at the fine print on the credit card application it tells a completely different story. This is where you want to dig deep and know exactly what you are getting into. People and credit cards should not be a controlling factor in your life. They should compliment your life and make you better.
Many people take marriage seminars and read books on how to improve a relationship. We can do the same with our finances. Read what financial planners are saying about getting out of debt and how to use a credit card responsibly.
Ideally you will want to build a long lasting financial relationship with your credit card company and your bank. This should be a card offered by your bank, meaning mastercard, visa or American express. Normally it’s best if they are one and the same. Anyone that has had two dates in one night will understand that.
Reducing our expenses and taking control of our credit card debt and spending takes care and time the same way it takes to build a strong and lasting relationship.
What you will need to do first is find the best credit card for your spending habits. Most consumers look for great rewards like cash back or bonus points. These can be a benefit but they are normally reserved for good and high credit ratings. The monthly interest rate is far more important.
You can't divorce a credit card or credit card debt only find another partner with the same problems, just different picture. Unless you change your attitude towards credit and how you are going to relate to it!
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