There are kinds of reasons why people get back into debt right after they have gotten themselves out of it. It is sad really but there are some very good reasons why people do this to themselves.
People hate change. We all get so used to certain things and doing things a certain way that it's much more comfortable to keep on doing them. So if you are one of those people that whips out the plastic any time you do any kind of shopping you need to break that habit.
Most of us see that extra money that we are saving and now justify buying new things on credit because we can afford those new monthly payments. The new computer, the new car, the new spring fashions are all things that we want not need. Obviously you still can't afford them because you would have paid cash instead of borrowing. But we justify it by saying we can afford the monthly payment.
Most people lack the financial discipline to not overspend. They choose not to pay attention to where the money goes. They spend more time in front of the TV being sold things they never need instead of working with their family on setting goals and learning about money.
They choose not to surround themselves by professionals that can make a major difference on their lives. I agree it is cheap to learn things on your own. But it is often much cheaper and much more lucrative to spend some money with a professional. A few tips from a financial planner, CPA, mortgage broker, or attorney could literally save and create thousands of dollars a year for you and your family.
They choose not to take advantage of one of the greatest free resources of our time - the public library. The resources available in the library can change your life forever. They contain the answer to almost any problem you might ever face. Another great resource is the internet. Although some people may not have access to this fabulous resource the public library will.
If you are serious about wanting to get out and stay out of debt and stop being broke. If you seriously want to create true wealth for you and your family, you can not be an Ostrich. You can not just bury your head in the sand and expect things to change. You have to take action. You have to be responsible about your finances. You need to educate yourself and pay attention to your finances. You need to surround yourself with a panel of expert advisers. Get everyone in your family involved especially your children so that they can learn how to manage their finances, because if you don't do it no one will.
Matt Allen has been in the finance industry for over 8 years. His most current website teaches people how to refinance a mortgage which shows you step by step how to refinance your home. If you have been thinking about refinancing to pay off debts, you need to visit his site.
Article Source: http://EzineArticles.com/?expert=Matt_J_Allen
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment