Debt . It can be a wonderful tool or a terrible taskmaster! Unfortunately, for many people, they sometimes casually court debt as if it is something simple and compassionate instead of recognizing it as what it really is--ruthless, cold, and indifferent. What gives debt all of its teeth? It is nothing less than “interest.” Interest is what makes debt so powerful. With this more accurate understanding it is easy to see where the attribute of debt, that of interest, can be a very handy guy to have on your side or a very formidable foe to fight. Those who wisely manage their bills learn how to make interest work for them.
The following explanation of interest sums up the nature of debt nicely: "Interest never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation; it never visits nor travels; it takes no pleasure; it is never laid off work nor discharged from employment; it never works on reduced hours; it never pays taxes; it buys no food; it wears no clothes; it is un-housed and without home and so has no repairs, no replacements, no shingling, plumbing, painting, or white- washing; it has neither wife, children, father, mother, nor kinfolk to watch over and care for; it has no expense of living; it has neither weddings nor births nor deaths; it has no love, no sympathy; it is as hard and soulless as a granite cliff. Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you" (J. Reuben Clark Jr. in Conference Report, Apr. 1938:103).
Sadly, too many people find themselves slaves to this monster called debt instead of truly enjoying life. Debt and money problems rank up there among the top reasons why there is so much of divorce, unhappy homes, marriages, and even suicide.
Make the choice today to get out of debt now. Learn how to manage your bills wisely and enjoy a higher quaolity of life. Take the first steps toward mangaing your bills and debt with a free review by 30 Second Debt Help. They will show you how to reduce or eliminate debt from all major credit cards, medical bills, phone bills, and retail store charge cards. You will get FREE customized debt solutions from a debt specialist in your area. 30 seconds now could have you debt free in as little as 12 months. To Visit 30 Second Debt Help
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In the meantime, the following two suggestions can help you change the tables of stress-filled worry to peace of mind. They are helpful and proven remedies and can make all the difference in the world.
Manage Your Bills Suggestion #1
Do not, ever, go into debt for consumer goods or purchases. By “consumer goods or purchases” I mean perishable items that have no intrinsic or substantive value for your well-being, or that can add value to your situation; for example, food, toys, trips, jewelry, entertainment, wants, etc. All of these things, while pleasurable and nice, do not add any value to your need or betterment in life. Good examples of items worth going in debt for might include vehicles for transportation, a home, and an education. All of these examples are necessary, or “critical” to insure for a better quality life in the future. Other than for these kinds of critical items you should adopt the practice of “don’t buy it unless you can pay cash for it.”
Manage Your Bills Suggestion #2
Develop a modest and workable budget and stick to it. Budgets help define what is and what isn’t necessary in your day-to-day living. Budgets position you where you can identify real needs and differentiate them from the wants. More financial problems and serious debt come to individuals who do not learn to identify needs from wants than just about anything else. Establishing a budget will help reduce common financial mistakes that many fall into who otherwise would not have done so with a good budget outlining their spending habits.
Following these simple yet powerful suggestions can put you on the road to a much more stress-free life. The peace of mind that accompanies those who “owe no one anything” is a great feeling. It empowers you to make better choices for your life. Instead of reacting in crisis mode, you will find that you can make decisions based on purpose and meaning.
