17 April 2009
Tip of the Day April 17, 2009
Stop debting
This is a word I found in an article I was reading about debt. It's not in the dictionary, but it is a great, descriptive word. You get the meaning immediately. You cannot possibly get out of debt if you continue to get into it, either by continuing to spend your cash reserves or to use credit cards or take on other unnecessary debt. Unnecessary debt is anything at all that you do not need to live: movies, videos, clothing, shoes, holidays, gifts, magazines, newspapers everyday, takeaway meals or eating out etc . Either add these things to your budget so you have the money for them when you need them or do without them. If you don't have the cash to pay for something then you can't have it while you have debt.
This is a word I found in an article I was reading about debt. It's not in the dictionary, but it is a great, descriptive word. You get the meaning immediately. You cannot possibly get out of debt if you continue to get into it, either by continuing to spend your cash reserves or to use credit cards or take on other unnecessary debt. Unnecessary debt is anything at all that you do not need to live: movies, videos, clothing, shoes, holidays, gifts, magazines, newspapers everyday, takeaway meals or eating out etc . Either add these things to your budget so you have the money for them when you need them or do without them. If you don't have the cash to pay for something then you can't have it while you have debt.
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