Breaking Your Habit: How to Stop Using Your Credit Card | Pasadena Foundation Blog

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Breaking Your Habit: How to Stop Using Your Credit Card

August 11th, 2009 · No Comments · Uncategorized

You know your debt is rising, but still cannot stopusing your credit card for purchasing items. Severalpeople get easily dependent on a href=http://www.end925.biz/debt-mangement/ title=credit cardscredit cards/a foreveryday expenses and impulsive buys. The fact thatyou are borrowing money from the creditor for yourpurchase might be tempting, but the truth is: you mustbe able to pay it off on time. Neglecting those billscan cause headaches in the future. You might getmalicious letters from your creditors, or even receivethreatening telephone calls.bClose, Shred and Leave/bIf you really want to avoid those from happening alltogether or if you are starting to drown in your debt,you have to stop credit card usage. Fortunately, thereare several ways on how to.Firstly, many people would agree that closing yourcredit card account is the best way possible. One andsimple call to your cardholder is sufficient enough toinactivate your credit card. Doing so might even quietdown that nagging feeling and desire to purchase itemsusing a credit card. Just think that there might beone situation wherein the clerk says your credit cardhas been denied; the embarrassment from that situationis reason enough for you to inactivate your creditcard.Shredding is also an excellent way to break the habitcompletely. You can use an office shredder since itworks great on plastic as it does on paper. Since yourcredit card is shredded into pieces, there is no waythat you can swipe it. However, if you do not have ashredder, scissors are great too. Just cut the cardinto small pieces and make sure that the credit cardnumber cannot be identified by potential thieves.Another excellent way to a href=http://www.end925.biz/debt-management-portal/ title=stop using the credit cardstop using the credit card/a,especially when you go out of the house, is to leavethem. If closing or shredding is not your style, trytaking your credit card out of your wallet when youare about to go shopping. In this way, if you have theurge to buy something you really do not need, you haveto think twice before buying it since you are about touse your own money.bThe Shock and What Your Can Do About It/bYou have been using your credit card for your expensesbut have you ever thought about the total amount ofcash you spend in interest alone each year? More so,the duration of time it will take you to just pay offyour credit cards might shock you. It is all about thenumbers and these will put you into shock and can makeyou think twice before using that credit card again.For instance, if you have a balance of $1,000 and aninterest rate of 14%, it will take you about four anda half years before you can pay it off; that is, ifyou are making $25 in payments every month. By thetime you pay off the balance, you will have paid atotal of $347.55 in interest.Since you know what credit cards can do, you mightwant to stop using it once and for all. Learn how tosay no since this kind of discipline can help youstop impulsive buys, thus stopping the use of creditcards. Always think twice about swiping that creditcard for your purchases and you would not have tothink about repairing your credit in the future.bAdvice, Tips, Video Help can be found here/ba href=http://www.end925.biz/debt-management-portal/ title=debt-management-portalDebt Management Portal/aa href=http://www.end925.biz/debt-mangement/ title=Debt AdviceDebt Advice/a

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