December 28th, 2011
Reducing your debts
Reducing your debts also means leaving those credit cards at home or stowing them as far away from your wallet as possible. You can do this by cutting up credit cards or by storing them in an inconvenient location, such as a bank deposit box, your attic, or a storage bin. Never take them with you, and remind yourself daily that credit cards are for emergencies only. If your debt are unmanageable, or you are unable to reduce debts on your own, it is okay to ask for help. Credit counseling agencies are available at your disposal for this purpose. You can find a decent one by looking around online or by browsing your phone book. They can help by setting up a budget, managing your payments, and negotiating repayment terms with your creditors.
