Living Life WITHOUT Credit Can Be Done

And believe it or not, you can be happy.

In a world where credit is painted as the life blood of our society how does one survive without it? Surely our parents didn't have a pocket full of the buy now and pay later little plastic cards to enslave them with a life of debt and now that your credit lines are being reduced or even closed how is one supposed to react? There are no easy answers, especially since we now seem so addicted to the, but there are some suggestions.

There is no doubt the first adjustment you have to make is your mind set. If you are living on this "buy now pay later" system you may very well be heading for financial difficulties. Why not prepare ahead of time before it gets to bad.

I won't bore you with all the budget talk, that comes later in a different article, (you know full well that yoou need one) but you will have to know what condition your assets and liabilities are in and the sooner the better. Why not do it now? Stop procrastinating and take a few minutes - face your fears - and DO IT RIGHT NOW!

Use a debit card for purchases, it has the visa features and it's a good way to convert from credit to cash.

Allocate a fixed amount each week for expenses and slowly try to adjust your lifestyle to that budget. There's that filthy "B" word again.

Take the time to really consider the ramifications that can occur if you don't change and what you might lose. It is human nature to pull away from things that may be painful, so think of how painful bankruptcy or any other debt management program could be.

With a negative savings rate the past (at least) two years and the soft job market many families are not prepared for a cash system. The day of reckoning for the housing market is definitely here, credit cards and other installment debt is right around the corner.

The quicker you can change to cash the better. It is never too late and the best thing to do in these cases is to get all the information you can. This will prepare you when it comes time to make choices and making the right choice will be critical.

Financial problems creates emotional times and thinking clearly is a difficult task when this occurs. In America, the divorce rate is over 50%. Can you believe it? Out of the divorcing couples asked, they cite financial difficulties as the number source of their problems and a major cause of their divorce.

Hmmmmmmmmmmmmmmmmmmmm......................