Memorial Day has now passed, throwing us into the time of
year where the weather allows us to enjoy picnics and the
outdoor bar-b-q. Both of these summertime activities
revolve around eating. As food prices continue to rise,
even this innocent seasonal fun is putting an extra strain
on our budgets.
These high food prices are probably here to stay, just as
the high cost of energy is here to stay. After all, it
takes energy to produce, package, and ship food all over
the world.
Unfortunately, too many Americans are paying for their food
with their credit cards, the same way they pay for
everything else. Credit is supposed to be used for the
large purchases. Items we should be able to afford, just
can't pay for all at once.
Food however, is not a one-time large purchase. A major
sign of a personal financial struggle is when our most
basic necessities must be purchased on credit. If next
week's grocery bill is also put on a credit card, as well
as the week after that, then you have a cycle of debt that
will never end. And the ever-ballooning credit card
balances will never come down. This puts an even greater
burden on people who can barely afford to pay the monthly
minimum.
Using a credit card for daily purchases could be just a
matter of convenience, so a person would not need to carry
around too much cash. If this is the case, then a debit
card from your bank should be used. A debit card bearing a
Visa or MasterCard logo can be used just like a credit
card, except there will be no surprise balance due on the
next monthly statement. Also there will not be any
interest charges added to the purchases.
If a family relies on credit for their everyday purchases
and basic necessities, then they must realize the trouble
they are in. They must get some guidance on how to live
within their monthly income. If they don't, the credit
will eventually run out, and their financial lives will
collapse.
When the credit card balances become out of control, the
consumer begins to search for their best debt relief. For
many, refinancing their house is no longer an option as
housing prices continue to decline. Even bankruptcy is no
longer an option.
So consumers are now turning to debt elimination. With
this program, people can legally walk away from 100% of
that debt, without bankruptcy, consolidation, or
refinancing. Their credit scores are also higher after
completing this process. This allows for lower interest
rates for future purchases of items that credit is really
needed for, like autos and homes.
In addition, the education a person receives from a good
elimination program will help ensure that the cycle of debt
will never be entered into again.
Buying food for a family is certainly not irresponsible
spending. For everyone, it is a mandatory burden. When
the debt burden becomes overwhelming, a true debt
elimination is gives people a fresh start on their
financial lives. A "do-over" you might call it. Without
the residual of bad credit or shame of bankruptcy.
----------------------------------------------------
Billed as The True Debt Advisor
(http://www.TrueDebtAdvisor.com), Jim Vrana's mission is to
educate and empower people to overcome their financial
challenges. The time-tested legal procedures used to
eliminate credit card debt have been used by thousands of
people with tremendous success.
Contact:
Jim Vrana
True Debt Advisor
(800) 637-1785
http://www.TrueDebtAdvisor.com
No comments:
Post a Comment