Sunday, March 27, 2011

Debt Diet eCourse:: Debt Diet Week 2: Eliminate the Desire for Debt 3/27/11

From LaToya Irby, your Guide to Credit / Debt Management
Last week we talked about eliminating the need for debt. It involved getting your finances to a place where you don't need to rely on debt. This week, we learn how to eliminate the desire for debt, a step that's not always easy to master.
This week's objective is to come up with alternatives to using credit cards to satisfy your emotions.
Ways to Stop Emotional Credit Card Spending 
You might be an emotional credit card spender if you go on spending sprees to make yourself feel better or even because you're already feeling good. It's important to recognize when your emotions drive your spending habits and replace those spending urges with something less expensive.

Recognize Impulsive Credit Card Spending 
Emotional and impulsive credit card spending are different, but impulsive credit card spending can be based on emotion. Impulses are uncontrollable and often unconscious urges. It may be harder to pick up on impulsive credit card spending which is why a little more attention must be paid.

Is Clutter Contributing to Your Debt? 
It may sound strange, but clutter can indeed cause you to overspend or even make your debt harder to manage because you can't find your bills - or your checkbook. Learn how clutter contributes to debt and how you can clear the clutter and your debt.

Get Help Through Debtor's Anonymous 
Debtors Anonymous is a free support group to help people that have problems controlling their money and debt. If you show signs of a debt addiction, joining Debtors Anonymous may help you learn to resist the urge to spend.

Join the Debt Diet Support Group 
Talk with other readers who are going through a debt diet. Share your successes and setbacks. Get motivation to pay off your debt.

No comments:

Post a Comment