When Mississippi residents get out of credit card debt, it is freeing. But the emotional and mental stress does not end because you pay the debts. Many people continue to have fears about falling into debt again. Today we will look at some of the strategies you can use to keep yourself out of debt in the future.
Mint.com has many suggestions on how to avoid falling into credit card debt again. Some suggestions revolve around how you use your credit card and how you view it. For example, a big reason for debt is that people look at credit cards as money to borrow. Instead, try shifting your view. It is not money to borrow. It is money you already have. If you think of it as a plastic version of cash you already have, you are less likely to overspend.
Cut down on the number of credit cards you have as well. Some people have many to avoid going over the limit. You should not be going over your limit regardless, so you should not need extra credit cards. This also lowers the number of bills you need to pay attention to. This, in turn, cuts back on potential interest you may have to pay.
Speaking of bills, always make more than the minimum payment. This is a common way to fall into debt. People put off paying the full bill by paying the lowest amount due. This means the bills continue to wrack up. Over time, this results in a huge bill that the credit card owner cannot pay. Do not fall into this trap and always put down as much as possible per payment.