The Advantages and Disadvantages Of Having Credit Cards

Credit is a great financial too if it is used the right way.  

There are a lot of benefits when we use credit cards. Credit cards are the best way to create a financial history.  When you have a credit history, it allows you to borrow money and acquired certain things that otherwise, it will take you years.  For example, a car, or a house.  

It also allows you to rent a car, or a home, get a cell phone, getting insurance, your utilities, and sometimes even a job!

Credit cards can also protect you from robbers or fraudulent purchases.  

Another benefit is that you can track your spending as long as you open your statements and take a look at them every month.

Some people use their credit cards as an emergency fund.  It is not ideal, but I understand because sometimes putting aside 6 months of emergency funds takes time. Having it available on the credit cards, makes it convenient.  

Credit cards also offer other benefits,...

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A Different Outlook About Debt

 

I know you are in debt, you are feeling stressed, overwhelmed due to carrying all these debts.  You can barely get by living paycheck to paycheck. 

You are doing your best to pay your credit card debt, student loans, mortgage and car loan.  You are paying the minimum on your credit cards and they don't seem to go down.  

Today, I am giving you a different outlook when it comes to debt. I want you to be able to take care of your debt without all the negative feelings and the power that we are giving to debt. 

I am going to share three steps to start the healing and so you can attract more money into your life. 

Step One:  Forgive yourself

There are a lot of negative feelings that we carry when we are in debt.  Some of those beside stress and overwhelmed is how we feel about ourselves.  Thre is a lot of blame, guilt, and shame associated with our debt. 

So the first step to heal and attract more money into our life is to...

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Recovering From The Holiday Hungover

Did the holidays leave you with a debt hungover?

Are you regretting spending all that money on buying all those gifts? Are you in fear because you don't know how to manage your debt?

According to a survey made by Mr. Cooper (mortgage company), " one-third of Americans wished they could have skipped the holidays rather than spending it on gifts." Also added, "Thirty-two percent of Americans who purchased holiday gifts paid with credit cards."


I'm going to give you seven steps to manage your holiday hungover and do damage control right away.

Step One: Stop The Regrets
The first step to getting rid of your debt hungover is to stop with the guilt, the blame, and the regrets. It is time to shift your focus from debt to solutions.

Step Two: Track Your Spending
Yes, it is time to tight up for a bit and track all of your spendings. This will require creating a budget or spending plan. Don't know how to do this? I am opening my minicourse on How to Become Financially Fit By Creating a Spending...

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