subject: The Psychology Of Debt [print this page] The process of acquiring debt is easy but paying it off really seems like a monumental task. This holds especially true for certain kinds of debt specially, credit card debt. The problem is that they are so easy to use, and we dont think about the eventuality of having to pay them when we use them. Meanwhile, our balances increase and its only then we seek solutions such as debt consolidation or debt reduction when we can no longer pay the increasing balances.
Perhaps, the best way to avoid this trap is to be conscious of what we are getting ourselves into when we use those cards. Its a change in a way of thinking before using getting into debt then afterwards. Even if we seek relief in a debt reduction or debt consolidation program, we will a fall into the same trap once all over again unless we modify our behavior. This is more difficult than it may appear considering that we live in a consumption driven economy and we must always be buying last fad.
Still there is a solution to get debt relief and change our behavior. It is a personal decision and many have achieved success in this area. Using credit cards less and reducing the number you have is the logical place to start. As with any behavior that needs to be modified, the more we repeat it the more ingrained it becomes in our psyche and then it becomes second nature.
What if you already over your head in debt? Remember, that there are professionals out there who will provide you with sound debt advice on credit card debt reduction. However, it is important that we change our behavior subsequent the debt reduction program. You can be victorious all you need to do is make the decision and begin your journey to financial freedom.
by: Mimi East
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