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My Debt Regret
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March 10, 2010, 10:54:35 PM

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    My Debt Regret


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    Why does it seem like debt can never be relieved?

    Why is it that we can not work hard enough, earn more money, spend less and pay off our debt?

         If this is your mind set, let me say,                                           
    “You have come to the right place.”
    My Debt Regret is a community of others in the same position as me and you, in debt and regretting it. But the objective of this site is to help relieve the stress, regret, and burden of debt through my tips, advice, and tactics.

                    

    Debt Stress


                                                      All you have to do is read, apply what you learn and strive to change the way you approach your money situation. No one has ever rid themselves of debt by continuing to max out their cards while making the minimum payment each month. It is just common sense.

             credit card terminal                                 

    These are a few reasons people stay in debt.

    · They chose to continue to spend while carrying a balance on a Credit Card

    · Not paying off the full balance each month “Approximately 50% of card holders do not pay the full balance each month, according to Experian-Gallup Personal Credit Index survey.”

    · Making only minimum monthly payments on maxed out Credit Cards

    · Spending more than they make (Big Reason) “40% of US families spend more than they earn according to www.federalreserve.gov”

    · No plan has been constructed to get out of debt

    How can you do anything with out a plan? So why are people complaining about being in debt and wishing they were debt free when they have no plan?                                                   
         
    consolidate debt and loans            

    Mindlessly sending in payments to credit card companies and loan offices is the number one way to stay in debt.

    Creating a plan with details such as Total Amounts Owed, minimum payments, APRs, and how much more you could be paying towards your debt is a great start.

    Welcome to WWW.MyDebtRegret.com where the financial advice is free, but the work is up to you!

    About the author

    Douglas H. registered at My Debt Regret on September 08, 2009, 10:15:43 AM and has submitted articles on the site since then. Last visit was Yesterday at 02:33:18 PM.

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