Welcome to the Debt Diet eCourse. This five-week course will take you using debt to satisfy your wants and needs to getting started with a get-out-of-debt plan. You won't pay off your debt five weeks, but you'll have a foundation in place to get rid of your debt for good.
Eliminate the Desire for Debt
In the last lesson, we talked about eliminating the need for debt. It involved getting your finances to a place where you don't need to rely on debt. This week, we learn how to eliminate the desire for debt, a step that's not always easy to master.
You might be an emotional credit card spender if you go on spending sprees to make yourself feel better or if you spend because you're already feeling good. It's important to recognize when your emotions drive your spending habits and replace those spending urges with something less expensive.
Emotional and impulsive credit card spending are different, but impulsive credit card spending can be based on emotion. Impulses are uncontrollable and often unconscious urges. It may be harder to pick up on impulsive credit card spending which is why a little more attention must be paid.
It may sound strange, but clutter can indeed cause you to overspend or even make your debt harder to manage because you can't find your bills - or your checkbook. Learn how clutter contributes to debt and how you can clear the clutter and your debt.
Debtors Anonymous is a free support group to help people that have problems controlling their money and debt. If you show signs of a debt addiction, joining Debtors Anonymous may help you learn to resist the urge to spend.