You Work Hard for Your Money
We all do. And yet, month after month, we're sending too much of that hard earned money to credit card companies, banks and other lenders.
Do me a favor, add up what you're paying on your debt each month, and divide that number by the amount of money you make each month, before taxes. Then multiply the result by 100. That number is the percentage of your income that is going to pay down your debt.
Surprised? Do you think you could be making better use of that money? I know I did. But in order to do that, we have to get you out of debt first.
Don't Let A Few Bad Choices
Haunt You For the rest of Your Life
Look, you're not some freeloader just out there spending money you don't have. Let's see if this sounds familiar: you had one card, and you were paying it off regularly. Then you were at a store buying clothes for work, intending to pay cash, when someone convinced you to save 15% by opening a store card, which you did, and then paid it off.
Then an emergency hit, and you had to use that credit card to pay for part of it. It was a big hit, but you're committed to paying it down. But the kids are starting school, and now all of your extra money is still going to pay for that emergency. So you pull out the store card, because the kids can't go to school without clothes, right?
...That's how it starts. Before long, all of your extra income is going toward the debt, and you have to use the credit cards just to squeal by month after month. Sound familiar?
It happens all the time, and while the credit card companies can't intentionally entrap you, they bank on the fact that life will do it for them. And they're not sharing the simple strategies that will help get you out of debt, and keep you free and clear forever.