The problem with debt repayment plans
I think I have figured out where a lot of people have problems with paying off credit cards. Here's the scenario:
You decide to pay off your credit cards.
You sit down and make a budget.
You send off all of your payments just like you planned.
You are all hyped up over it.
And then...
It's two friggin weeks until your next payday. What do you do in the meantime?
You always used to go shopping, or go to starbucks, or whatever.
But now?
And that's the problem.
Thank God that this is not MY problem. It's just my observation of other people.
In fact, I still deny having a problem with my debt. I'm just paying it off because I want to.
posted by jagular @ 6:24 PM
6 Comments:
Exactly!
You got this right! My strategy is to write out the checks on payday, but mail them in between so I still feel like I am making forward progress. It is the stupidest trick, but it works.
And this where my trick works, I pay bills twice a month. I split everything in half and apy on the 10th and 25th, it's always on time and your money is evenly distributed.
The first step is admitting you have a problem.
:-)
Yes, Leigh Ann, the first step is admitting that you have a problem, but only if you actually do have a problem. If you don't have a problem, that's not the first step. :P
I have a problem ... there, I took the first step.
How come I don't feel better??
lol ....
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