Getting Off The Debt Treadmill
The debtor’s treadmill makes you run, makes you sweat but you never get anywhere!
People have to stop being so wasteful with their money or they’ll run their finances into the ground.
Financial responsibility is a rarity in this day and age.
The bankruptcy rate is staggering and we ‘re throwing away a huge chunk of change in restaurants, on fast food (a whole other tangent I’ll go off on at another time) expensive coffees and pay-day loans, not to mention high interest credit cards. Some people pay huge interest rates by living off their credit cards and don’t realise the true cost of what they’re spending their money on.
What ever happened to that cookie jar full of money for a rainy day?
Most people don’t have a rainy day fund. Do you have it or are you living on credit and begging from Peter to pay Paul? Most people are living beyond their means and are two pay cheques away from the poor house. Most people’s finances are a mess that they choose to sweep under that rug in their brain….that rug called denial!
People run along on that treadmill, not saving, and filling that gaping void in their lives with material things that cost too much and are making them old before their time!
Our grandparents didn’t live on credit. If they wanted something, they saved for it and that’s what our parents were taught.
So what happened?
Back then, you didn’t throw out enough food each week in your fridge to feed a large family for two weeks…we do now, though don’t we?
How many u.f.o’s have you tossed in the trash (ufo: unidentifiable food object) because you never ate it. How many hungry children are there that would’ve loved that food?
How much of your grocery bill are you throwing away by buying pre-packaged, unhealthy food?
How many bottles of shampoo do you buy and do you really need to spend money on designer salon shampoos? How many types of moisturizer do you really need at one time?
How often do you throw out old perfumes, cosmetics and other health and beauty aids because they never got used (and they were expensive, weren’t they and really you didn’t need them when you bought them, right?)
Greed happened.
It is a greedy, disposable society we’re in and one that our kids are being raised in. They don’t know the value of a buck anymore, do they?
Have you ever consolidated everything and then went out and racked up the credit cards all over again?
If you consolidate, PLEASE chop the cards in half and turf them!
Please look at your purchasing and spending habits and think about where you are spending your money and where you’ll be five years from now. Will you still be paying off that lovely sofa you bought because you opted for the high interest, ‘don’t pay until doomsday’ event?
Will your debt ratio be lower? Will you have a real savings account to take a holiday on or will that money come from a credit card?
Financial freedom is within your grasp. Check out the about money jar budget page and get started on the road to being debt-free and financially free.
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