No matter what your income, overspending can certainly damage your bank account and credibility. With so much money leaving any household, families will have trouble staying afloat with their credit control. Their income is being eaten up by other things – maybe a high mortgage, credit cards, car payments, or just making poor choices like eating out all of the time. Whatever it is, this type of spending will keep those in debt from making progress in becoming debt-free.
It’s a stressful way to live, but at some point, they’ll have to make some serious lifestyle changes if they want to get rid of debt. Debt-free people have it right, and there are three characteristics that many of them share.
Three Characteristics of Debt-Free People
1. They get organized and follow a budget. Debt-free people pay close attention to their finances. They know how much money is coming in, and how much is going out. Because they are keeping a watchful eye on their money, they are also able to make better financial decisions and manage their spending.
2. They have learned the art of patience. Debt-free people are willing to delay instant gratification. If they can’t afford something, they will wait until they have money to pay for it. Credit cards have made it so easy for people to buy things now and pay for it later. However, if you don’t use credit cards responsibly, it can lead to big trouble. To be debt-free, learn to wait, save up for what you want, and pay for it in its entirety.
3. They are willing to change their lifestyle. Getting out of debt is not easy, but people who are debt-free likely achieved the status because they are proactive about improving their financial situation. Whether they reduced debt on their own or obtained help from a debt counselling company, debt-free people are willing to work hard and make sacrifices to achieve their financial goals.
Don’t let your circumstances or income ever be an excuse. Remember, everyone has the ability to change their ways and work towards a better financial future!
Contact Debtcor today to help you get your debt under control
Debtcor consists of a team of professional debt experts who will give you the support you need to reach your financial goals. They will provide you with a highly-personalised financial analysis and then match it with a debt elimination service that exclusively suits you, your goals and your pocket. The best part is that they offer a FREE consultation which will place you under no obligation to accept offers that are suggested to you, so there is simply no excuse to miss out on this opportunity. Debtcor offers a number of different services to help you on your way to a debt-free life.
How to contact Debtcor
For more information about Debtcor, you can:
Call 0861 RELIEF (735 433), sms ‘relief’ to 34007, or email email@example.com.
Visit the Debtcor website at www.debtcor.co.za.
Join Debtcor on Facebook.