Don't worry. The ugly feeling you get in your stomach when you think about your debt limit, is that you are nearly approaching it. If you get this feeling, don't worry too much. Our government also gets it. That's why Congress recently set a new federal law for itself.
Have you passed your own resolution? Start thinking about the new year now. It gonna have to be a decisive one if you are serious about getting out of debt. Happy calculations!!
Dont BEG FOR IT OR EVEN TRY TO EARN IT. IF YOU DON'T CORRECT YOUR FINANCIAL LIFESTYLE NOW...it could be you.
Have you ever asked yourself the following questions? What is my debt limit? How much more of this money that I do not have going to keep coming to me before I have to pay it back? Well, if you do not have a debt limit then perhaps it is time that you start thinking about exactly how much it is that your current situation can go on until you can no longer owe money, but have to deliver.
Prepare yourself for unemployment if your industry is on the list. Monitor the unemployment statistics, and if it is, put your ear to the ground and figure out if your neck is on the axe.
If you have kids, you know its tough cutting out their allowance from their lives. Allowances are important for the family's social dynamics. Without allowances, your would not be able to educate your child on savings. Further, several studies have shown that
A weekly allowance can help your children learn about and manage money.
When did you start giving your child an allowance? How much does your school age and teenage child get?
First off, one way to get out of your financial conundrum, it would be best to get rid of that automobile. Insurance and all the other expenses associated with owning a car, which are all determined by the political and economic aspects of the global marketplace, can pull on your wallet. It is therefore encouraged that you drop the car, and ready yourself for some temporary options. The great part about being out of debt is that you will be able to spend on a car later (assuming that the car is a machine that can operate within your means.
If you would prefer other options, try your local mass transit. Perhaps your empoloyer (this site assumes that you are employed. If you are not, we greatly encourage you to get off the internet and find some work. If you do, that will be the first step to coming back to this site and beginning your financial recovery.
