Once all the hard work improving your finances comes to fruition, keeping control of your debt is like any other life change. You have to keep at it and be conscience of where your money goes. Falling back on cash advance dependency in order to support unexpected costs is what you were trying to avoid in the first place.
I saw a commercial celebrating a young man’s journey to not just lose a few hundred pounds, but the party was to celebrate him keeping it off for 15 years. This man became famous for eating a certain restaurant’s food in order to get healthy. He became the chain’s spokesperson and now 15 years later, continues to maintain his health. He may not indulge in the same foods each day as he did back then, but he did maintain his weight by sticking to some sort of plan. It took a life changing plan to make it last this long. Many people lose the weight, but they also find it soon after having fallen off the bandwagon.
People who work the hardest to shed weight or debt are more apt to stick to their long-term plan to keep it away. The painstaking journey is in the past, but the difficult process is kept in the forefront to prevent ever falling back. It is not a 100% fool proof plan, but it does have a much better success rate than other attempts.
Paying off debt with a tax refund, declaring bankruptcy to rid the debt, or letting it fall into collections may not leave such a lasting impression. I think that one of the main reasons is that there is no life shifting change created from these options. A person with an eating disorder is not going to be healed with a crash diet. The solution never solved the internal problem but rather put a band-aid on one of the effects resulting from it. It is a simple cause and effect rule which is applied to everyday life.
There are many credit counseling agencies which offer services to help with correcting debt as well as preventing further debt. Whatever drives an impulsive shopper to spend way beyond their means will not be corrected by consolidation debt. What it will do is offer this person new opportunities to spend more. It will take consistent effort on the shopper’s part to stay clear from spending more.
Cash advances are for emergency purposes.
It isn’t rocket science, but it does take hard work and dedication to stick to any type of life changing plan. Paying down debt while living paycheck to paycheck does not give much wiggle room when unexpected costs create cause to utilize credit cards or cash advances. Third party money should be sued for emergencies only. There will need to be moderation in your finances so an individual can build a savings account while paying down debt in order to be able to stay away from accruing additional financial problems. Moderation seems like such a simple solution to both debt and weight issues. If it was a simple solution, household debt would not be an issue. Make your plan to free yourself of debt; change your spending habits and stick to it. Maybe in 15 years you will be celebrating freedom from debt!
