Blog Entry


8 PRACTICAL TIPS FOR DEALING WITH CREDIT CARD DEBT
Adapted from the sermon “Released…Practical Steps,” preached Sunday, July 17, 2011 by Pastor Smokie Norful.

1. Realize and accept that your life doesn’t have to be this way.
2. Stop the blame game.
3. Stop segregating your money.
4. Don’t use an equityline to pay off consumer debt.
5. Start from the lowest to the highest balance (snowball effect).
6.  Make micro-payments.
7.  Deter/Delay/Deny card use!
8.  Consider other revenue streams and MAKE SACRIFICES.
 
Top 10 Reasons People Use for Credit Card Spending

1.  “I owe it to myself.”
2.  “It’s on sale.” (I’m saving)
3.  “We’ve got the credit.”
4.  “I don’t have the cash on me, but I need this now.”
5.  “We’ll pay it off with our tax refund.”
6.  “Web sites and/or others only take credit cards.”
7.  “I need it for car rentals and hotels.”
8.  “We don’t have any debt now we can afford to splurge a little.”
9.  “I felt led to buy it.” (implying by God)
10. “We’ll pay it off at the end of the month.”

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Based on what you read above, let us know if this was helpful to you or share other thoughts that may help others.


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