Stop digging
For some reason, I’ve been finding a lot of finance articles out there. Here’s one I thought was particularly good: Get out of credit card debt now!
Before my husband and I got married (21 years ago this week), we decided that if we ever couldn’t pay the balance on a credit card then we would cut them all up. Best decision we ever made.
Robin and Ben Balinski, each 32 years old, were $8,667.78 in credit card debt, when they heard the broadcast. (This is about the US average.) They learned this, after gathering up their various credit card statements, and adding them up. It was a task they had avoided. The amount totally overwhelmed them emotionally. The number of cards, and totals on each one, kept creeping up over the last six years. Robin had cut down her weekly employment when she had her second child, and the family’s expenses continued to climb. The couple made up the difference using “plastic.” …
A lot of people are in this boat. Read the article as to how to get out. The first rule being: if you’re in a hole, stop digging!
