Im a tech freak and when it come to new things coming out I have to get it. I try and try to hold off and not buy new things but I do anyway and im wasting all my money. I need a remedy as to how I can stop buying these things and pay off my credit cards and save money up.
2006-09-24 04:47:24 · 7 answers · asked by DHunter 1 in Business & Finance ➔ Personal Finance
Cut up your credit cards and stop reading the articles about the "newest" thing out there. That way, you won't have the desire to buy it if you don't know that it exists.
2006-09-24 04:49:49 · answer #1 · answered by Hot Pants 5 · 0⤊ 0⤋
It is discipline! I only use credit cards as a convenience,. see I use there money for 30 days and then pay off completely!
No charge to use there money.
Debt will distroy most people, because they don't know how to use it. There is good debt and bad debt. Good debt is debt that makes you money! Bad debt is debt that cost you money!
Calculate the amount of interest you are paying a year in bad debt then divide it by your income. What ever the percentage is it is to high,..( most people are between 15% to 30 %) Way to high, mine is 0%
I learned a long time ago the quickest way to a raise was to get rid of that debt and give myself a 15% to 30% raise!
A good book to read is Rich Dad Poor Dad by Robert Kiyosaki, but don't take his coaching class it was the worst $2500.00 I ever spent! As far as increasing your income, above getting rid of debt,.. Go to www.wantagreatlife.ws and review all four sites that is the # 1 business opportunity in the country!
2006-09-24 12:15:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Grow up! That's the answer basically. Be a responsible adult and understand that means not walking into any store with the latest and greatest tech stuff. Ever hear of self-control? Try it, your credit cards need a rest.
2006-09-24 11:55:08 · answer #3 · answered by MadforMAC 7 · 0⤊ 0⤋
Being a self-described "tech freak" is no excuse. Your concept of money is skewered and you probably didn't have to work for the many material things you have.
In a nutshell, you were spoiled as a child. Recognize how you got this way is the first step to changing behavior.
2006-09-24 11:52:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Establish a budget. Your rent/mortgage should account for about 27%. 10% should go to savings. Figure out how much money you need to cover your regular living expenses, food, housing, gas, electric, insurance, car payments etc. You should be able to determine how much money you have each month for extraneous things, such as gadgets. Then make sure to stay within that amount.
I would suggest you get Suzie Orman's book, "Financial advice for the young, broke and fabulous". It gives a lot of practical suggestions for managing your money.
2006-09-24 11:53:31 · answer #5 · answered by kemarti1 2 · 0⤊ 0⤋
be very carefull . credit cards will ruin your credit be very cautious
2006-09-24 12:01:37 · answer #6 · answered by blank 5 · 0⤊ 0⤋
http://www.ehow.com/how_111382_debt.html
go to this site and it may help you.
2006-09-24 11:57:13 · answer #7 · answered by mysticideas 6 · 0⤊ 0⤋