Speaking of debt...
One thing that
my husband and I decided to do was to stop putting every available penny on the bills and give ourselves a little spending money. If my husband can come up with a different plan that we are both happy with, then I will let you know...until then...this is what we have. I love you papacito. It may be hard to do, but it could be the thing that can break the cycle of us charging more. It is the same as a diet. If you give yourself unrealistic goals and a stringent diet plan and never learn to eat healthfully, you may lose the weight but you will probably gain it back and possibly a little more. But if you take the sensible approach to eating, such as permanently eating the calories you need to sustain you at the weight you want to be at for the rest of your life, rather than a temporary low calorie level to lose weight fast, it may take a lot longer to lose the weight but along the way you will learn permanent eating habits.
With money, if you work up a plan where you put all available money to your debt balance, then soon you will feel the effects of having no money to spend and you will rebel and end up charging more. What my plan consists of; is doing away with the grandiose plans of paying off my debt in a year, or some other unrealistic goal and paying just the minimum payment, as well as giving my husband and myself a little spending money. I bet my husband will feel more excited when I let that cool crisp George Washington cross his palm once a month...all his own to spend as he chooses. If ever there is any extra, then we can put it on debt. That way we can stop using our credit cards and start taking the slow and steady climb out of this mess. The side effect is, that we could actually learn to live within our means.
The problem today is that we have all learned to live in an instant gratification society.
we always hear:
Get rich now,
Lose weight now,
pay off debt now,
But I believe Slow and steady wins the race...crazy, huh?
Tuesday, July 31, 2007
Speaking of debt...