Get help with debt soon if you are having trouble making your monthly payment obligations. I’m talking about making the minimum payments on a wide variety of credit cards. If this sounds familiar then you need help with debt. Making the minimum payments on credit cards is good for credit card companies and bad for credit card users. High-interest credit card debt is an awful thing to experience if you can’t pay it off in a pre-determined amount of time.
Using credit cards has become a substitute for paying cash or writing a check in the 21st Century. Is using a credit card convenient? Absolutely! Is using a credit card easy? Absolutely! We are not talking about debit cards here. Debit cards are another form of cash tied directly to your savings or checking accounts at your bank. Debit Cards use your cash for payment. They do not charge you interest each month on your balance owed because you are spending your cash, not borrowing cash from a bank using a credit card.
Compound interest is the real enemy here as it relates to your financial health. Compound interest is a wonderful thing when someone is paying it to you on an investment or savings program. However, it is just awful when you are paying someone for using their money. Getting help with debt and understanding money is paramount to living a financially stress-free life. Do you ever worry about paying all of your monthly bills on time? Stressful isn’t it? Would you like to not worry about bills and how you are going to pay them off? If you answered yes you may need a financial coach.
Once you start to understand money and how to use it, your life will significantly change for the better. If you think you understand money already, then why are you in so much credit card debt. Contact Kevin Smith today for a Free Consultation!