If you want to stay out of serious debt, then you need to get creative.
It is so easy to get into debt, and it is just as easy to fall back into it, even after you’ve used loans online to consolidate and clear your debts, employed sheer determination to dig yourself out of the hole and cut up your credit cards. I mean, it’s stupidly easy! It isn’t, however, inevitable.
Just check out these uncommon ways to stay out of debt and use them to help you stay on track:
Think About the Pain of Being in Debt
If you’ve been in debt in the past, you’ll know how horrible it feels to wake up every day knowing that you’re basically working to pay the bills and pay off your debt. If you’ve ever struggled to meet the minimum payments, you’ll know that it can be really stressful and even scary, not knowing what you will do or what the future will hold. Channel these feelings whenever you’re tempted to start needlessly spending with credit again.
What’s uncommon about seeking the support of your friends and family? Quite a lot when it comes to financial matters for many people who are hesitant to discuss such things. This is such a shame because seeking the support of your friends and family, who will be able to motivate you on and talk it through with you when you’re wondering whether it makes sense to take out one of those loans online or not (a little debt isn’t always bad), so that you make the right decision, can be a huge help. So, don’t be like most people and talk about money matters with those closest to you.
Loosen the Purse Strings
How will loosening the purse strings help you stay out of debt? It won’t if you loosen them too far, but if you let up just a little and allow an extra treat or two into your budget, then, on the whole, you will be less tempted to resort to the credit option in the future.
Frame Your Biggest Debt-Related Bill
Have a huge credit card bill or loan statement? Why not frame it and hang it on the wall as a constant reminder of how being too free and easy with credit can backfire spectacularly and lead to some serious problems. It’s a neat psychological trick that can and does work.
Sometimes, it takes a complete life-change to help you keep serious debts at bay. So, if you’re a bit of a shopaholic or someone who doesn’t think twice about spending a lot of money in very little time just because you think you can, it might be time to look into the thrifty life a bit more closely. You don’t have to live like a pauper, but taking sensible measures to cut down your regular expenses and save more money is…well sensible.
Some of these ideas may seem a little strange, but they can really work to keep you out of debt if you give them a chance.