My New Blog

August 3rd, 2010 10:13 AM

Credit Card Debt is similar to losing weight - easy to gain; hard to lose. But losing weight is not impossible and neither is getting out of credit card debt.  It takes hard work, discipline, and perhaps getting help. Most consumers are only able to make the minimum payments and soon find their balances increasing, which causes more frustration and stress. 

We all know our country has struggled the past year.  Unemployment or under employment has been rampant and many people have gotten bogged down with escalating credit card debt. 

I was listening to the radio as I drove to work this morning.  I heard the average household credit card debt is $10,000 or more with most people paying only the minimum payment due each month.  Credit card companies are legally allowed to charge outrageous finance charges - that makes the Starbucks you charged last year now worth the price of a small island in the Caribbean.  I'm sure you get my point.

Just as losing weight takes discipline and hard work, so does the financial diet of losing your credit card debt.  This week think about some possibilities to eliminate those in the fastest amount of time.  Significant changes can be made with focused, consistent action.

 


Posted by Russell Rowe on August 3rd, 2010 10:13 AMPost a Comment (0)

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