Posted in Frugality
With all of the stress going on now with the uncertainty of the economy I think that it is extremely important that we do not lose sight of who is in control here.Is wallstreet in control? I say no! But there are many at this time who do believe that wallstreet is in charge. Thankfully I have spent the last year working on becoming debt free. Because of this I am not at all concerned that the economy seems to be heading in a downward spiral.
I cannot stress enough how important I think it is to be completely debt free.
One of the best options for getting rid of the credit cards is debt consolidation. This is a much better option than bankruptcy. And it gives you a jump start on those out of contol rates on several cards.
When I started we had several credit card with high balances. This was just the way we lived. And I know that there are a lot of people who live every day using their credit cards to float them from month to month.
We live paycheck to paycheck. But now that our credit is under control it is possible to start saving. I do not think we will be able to save a ton of money right away. But even starting by putting aside $5 a week is progress. Before you know it, it won't seem so hard to squeeze $20 a week or more from your paychecks.
