Strategies to Save Money: Dealing with Debt
Pleasure and self love may translate to some as buying things for yourself or pampering. Pampering is wonderful, you give yourself that one sliver of happiness during the time when you are down. The only thing is, what do you use to pay for things that you pamper yourself with? Is it the money you have now or the money you will earn tomorrow? Right. Credit card, that little plastic that you keep in your wallet, is the 2-sided blade that you wield whenever you spend.
On the up side, it will allow for more spending and more giving to yourself and your family. The downside is that you risk your future peace of mind by swiping the card. One common question in dealing with credit card bills is this:
Why did I buy so much stuff I don’t even need?
The answer to this is simple: during the time that you unsheathed the card, you thought you needed all of the things that you bought. You know, when we really want something, we can justify buying it in our most eloquent inner voice.
Here’s a formula I use to suppress that inner voice for good. I use my credit card only for necessities, never for luxury. I have cash for luxuries, and when I really feel like it, I use it to buy things that will make me feel elated. When I see my wallet progressively getting empty, a mental mechanism kicks in and I just stop spending. Credit is invisible money, you don’t really feel it dwindling down.
Debt reduction is something that people can do, if they suppress that petulant inner voice that will somehow override cold logic if you let it.
