Who supplies your needs?

A simple but eye opening question for today.

Are you looking to your job and your own efforts to supply your needs or are you living by God’s principles, implementing His ways of doing things and therefore seeing Him supply your needs?

Credit Cards Are Not Bad

After my last post you probably think I believe credit cards are evil. I really don’t. Credit cards are actually a good thing if you pay them off completely every month. They help you build credit and you can get perks such as airline miles. They are also more convenient than having to run to the bank every few days to get more cash.

I believe the way to stay out of credit card debt is to live by one simple rule. If you don’t have the cash in the bank to pay off the credit card at the end of the month, don’t make the purchase.

Credit card companies are more than happy to loan you money so that you can buy something you don’t have the cash for. However, they want something in return. That’s called interest. Interest on credit card balances can be over 20% which is crazy.

Right now you loan your money to a bank (in the way of a savings account) and they pay you at best 4-5% interest. That’s at best. If you get lucky in the stock market you may get 10-15% return but from what I hear that takes a lot of skill and patience. But, the credit card companies are loaning you money and you are paying them 20% to borrow that money.

Everyone sees those outrageous interest rates on credit cards and think those companies are horrible. But, the fact is that you don’t have to take their money. You are making the decision that buying a particular item is important enough to warrant paying 20% of the item’s price to the credit card company. Please realize that racking up credit card debt for non essential items such as a new TV, fancy cell phones, and recreational toys is really adding more strain on yourself. Because now you not only have to come up with the money for that luxury item, you also have to find money to pay the credit card company for borrowing their money. Yikes! 

Thanks for letting me share my thoughts. Let me know what you think! 

 

http://www.keepinglifesimple.net/Freedom_From_Debt.html  “Possible solutions to escape the burdens of debt.”

www.OverflowLiving.com “Learning to live the good life that God planned!”

Intro to Debt Free Living

Hi Everyone!

Have you ever said any of the following?

“I wish I could go further into debt.”  

“I love the pressure of knowing I can’t pay my bills this month.”

“I enjoy having collection agencies call my house.”

“I love living paycheck to paycheck with never enough to get ahead.”

I’m going to go out on a limb and assume you said no. So why do so many people fall further into debt?

I’m not a financial analyst nor do I have a degree in finance, but I believe a big reason is lack of knowledge and poor decisions. Of course there are other things that also factor in such as illness, job loss, etc., but even then you shouldn’t have to live in poverty.

I look forward to sharing with you practical tips and solutions to not only get out of debt but also get ahead. Money cannot buy happiness but it can give you opportunities to be a blessing to someone else. My goal is to give you some suggestions that will allow you to rise above your situation and be a blessing to others!

Talk with ya soon!

Christy