Saturday, November 17, 2007

Debt Consolidation In Perspective

Consolidating your debt into one funnel that makes monthly payments both feasible and attainable, is real Debt Consolidation at it’s finest. But in order to achieve this, the want to be debt free enthusiast must understand the broader scope of natural economics. This is where the hard play comes into perspective, so to speak.

The average blue-collar worker is both ignorant and unsuspecting when it comes to home or business finance. Sorry to rain on anyone’s parade here, but for most unfortunates that have a fictitious “Fat Wallet” you can learn from your own mistakes. Or so it would seem. Women are the worst offenders, and with the advent of so many credit and access cards available everywhere, they seem to spend endlessly and especially effortlessly!

Coming home to some Dunce who spent the last dime on a pair of new shoes, while there are over 20 pairs in the closet is a big upset. Well so much for debit transactions, as they are just as evil as they are convenient. And the problem with the debit card is, (well do I even have to explain it!) Come end of month, you can finally tally your own demise into one sad state of credit. Using cash with a budget in mind is the ultimate debt consolidation strategy. This is a very simple approach that surprisingly most people fail to comprehend.

Cash is King, and failing to have a certain respect for this type of attitude will leave you in debt even after your kids put you 6 feet under. Realizing your limitations connected to currency distribution will make you their Hero, instead of dead weight. It is also surprising to note the number of people who justify borrowing as a natural way of being able to get what they want, not need. Overspending is like the alcoholic who needed that one last drink to make it through the day. The very last one, that pushed him over the edge!