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Don’t Beat Yourself Up About It!

Written by Blake Teen on April 2, 2011.

Changing a financial habit is hard — whether you have a history of overspending on luxuries, losing track of account balances, racking up credit card debt or something else. Whatever bad habit you’re trying to change, its great that youve decided to work on it. Just know: there can be slip-ups. And they don’t mean your efforts are lost. Instead of beating yourself up about it, why not get back on track?

This actually just happened to me. My recent move ended up costing more than I thought. Then I put a new TV, couch and rug on my credit card, knowing I didn’t have that money in the bank and would have to pay it off (Doh)! A month later, that $1,400 balance is growing, and I’m kicking myself for getting off track. But, being debt-free is a goal I plan to stick to. So instead of deciding I’d already lost the battle, I sat down and made a new budget for the next few months that will allow me to put $400 per month toward the new debt. I plugged it into this online credit calculator and figured out that at 9.8% interest, it will take me four months to pay it off. Four months from now, I’ll be back where I want to be.

So if youve had a financial slip-up, sit down and take a look at the numbers, then create a plan for getting back on track. And if your weak area is credit card debt like me, there is a ton of information on tackling debt at practical moneyskills.com.

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    Don’t Beat Yourself Up About It!

    Written by Blake Teen on April 2, 2011.

    Changing a financial habit is hard — whether you have a history of overspending on luxuries, losing track of account balances, racking up credit card debt or something else. Whatever bad habit you’re trying to change, its great that youve decided to work on it. Just know: there can be slip-ups. And they don’t mean your efforts are lost. Instead of beating yourself up about it, why not get back on track?

    This actually just happened to me. My recent move ended up costing more than I thought. Then I put a new TV, couch and rug on my credit card, knowing I didn’t have that money in the bank and would have to pay it off (Doh)! A month later, that $1,400 balance is growing, and I’m kicking myself for getting off track. But, being debt-free is a goal I plan to stick to. So instead of deciding I’d already lost the battle, I sat down and made a new budget for the next few months that will allow me to put $400 per month toward the new debt. I plugged it into this online credit calculator and figured out that at 9.8% interest, it will take me four months to pay it off. Four months from now, I’ll be back where I want to be.

    So if youve had a financial slip-up, sit down and take a look at the numbers, then create a plan for getting back on track. And if your weak area is credit card debt like me, there is a ton of information on tackling debt at practical moneyskills.com.

    Similar Posts:

    Share

    Post Comment

    Don’t Beat Yourself Up About It!

    Written by Blake Teen on April 2, 2011.

    Changing a financial habit is hard — whether you have a history of overspending on luxuries, losing track of account balances, racking up credit card debt or something else. Whatever bad habit you’re trying to change, its great that youve decided to work on it. Just know: there can be slip-ups. And they don’t mean your efforts are lost. Instead of beating yourself up about it, why not get back on track?

    This actually just happened to me. My recent move ended up costing more than I thought. Then I put a new TV, couch and rug on my credit card, knowing I didn’t have that money in the bank and would have to pay it off (Doh)! A month later, that $1,400 balance is growing, and I’m kicking myself for getting off track. But, being debt-free is a goal I plan to stick to. So instead of deciding I’d already lost the battle, I sat down and made a new budget for the next few months that will allow me to put $400 per month toward the new debt. I plugged it into this online credit calculator and figured out that at 9.8% interest, it will take me four months to pay it off. Four months from now, I’ll be back where I want to be.

    So if youve had a financial slip-up, sit down and take a look at the numbers, then create a plan for getting back on track. And if your weak area is credit card debt like me, there is a ton of information on tackling debt at practical moneyskills.com.

    Similar Posts:

    Share

    Post Comment

    Don’t Beat Yourself Up About It!

    Written by Blake Teen on April 2, 2011.

    Changing a financial habit is hard — whether you have a history of overspending on luxuries, losing track of account balances, racking up credit card debt or something else. Whatever bad habit you’re trying to change, its great that youve decided to work on it. Just know: there can be slip-ups. And they don’t mean your efforts are lost. Instead of beating yourself up about it, why not get back on track?

    This actually just happened to me. My recent move ended up costing more than I thought. Then I put a new TV, couch and rug on my credit card, knowing I didn’t have that money in the bank and would have to pay it off (Doh)! A month later, that $1,400 balance is growing, and I’m kicking myself for getting off track. But, being debt-free is a goal I plan to stick to. So instead of deciding I’d already lost the battle, I sat down and made a new budget for the next few months that will allow me to put $400 per month toward the new debt. I plugged it into this online credit calculator and figured out that at 9.8% interest, it will take me four months to pay it off. Four months from now, I’ll be back where I want to be.

    So if youve had a financial slip-up, sit down and take a look at the numbers, then create a plan for getting back on track. And if your weak area is credit card debt like me, there is a ton of information on tackling debt at practical moneyskills.com.

    Similar Posts:

    Share

    Post Comment

    Don’t Beat Yourself Up About It!

    Written by Blake Teen on April 2, 2011.

    Don’t Beat Yourself Up About It!

    Written by Blake Teen on April 2, 2011.

    Changing a financial habit is hard — whether you have a history of overspending on luxuries, losing track of account balances, racking up credit card debt or something else. Whatever bad habit you’re trying to change, its great that youve decided to work on it. Just know: there can be slip-ups. And they don’t mean your efforts are lost. Instead of beating yourself up about it, why not get back on track?

    This actually just happened to me. My recent move ended up costing more than I thought. Then I put a new TV, couch and rug on my credit card, knowing I didn’t have that money in the bank and would have to pay it off (Doh)! A month later, that $1,400 balance is growing, and I’m kicking myself for getting off track. But, being debt-free is a goal I plan to stick to. So instead of deciding I’d already lost the battle, I sat down and made a new budget for the next few months that will allow me to put $400 per month toward the new debt. I plugged it into this online credit calculator and figured out that at 9.8% interest, it will take me four months to pay it off. Four months from now, I’ll be back where I want to be.

    So if youve had a financial slip-up, sit down and take a look at the numbers, then create a plan for getting back on track. And if your weak area is credit card debt like me, there is a ton of information on tackling debt at practical moneyskills.com.

    Similar Posts:

    Share

    Changing a financial habit is hard — whether you have a history of overspending on luxuries, losing track of account balances, racking up credit card debt or something else. Whatever bad habit you’re trying to change, its great that youve decided to work on it. Just know: there can be slip-ups. And they don’t mean your efforts are lost. Instead of beating yourself up about it, why not get back on track?

    This actually just happened to me. My recent move ended up costing more than I thought. Then I put a new TV, couch and rug on my credit card, knowing I didn’t have that money in the bank and would have to pay it off (Doh)! A month later, that $1,400 balance is growing, and I’m kicking myself for getting off track. But, being debt-free is a goal I plan to stick to. So instead of deciding I’d already lost the battle, I sat down and made a new budget for the next few months that will allow me to put $400 per month toward the new debt. I plugged it into this online credit calculator and figured out that at 9.8% interest, it will take me four months to pay it off. Four months from now, I’ll be back where I want to be.

    So if youve had a financial slip-up, sit down and take a look at the numbers, then create a plan for getting back on track. And if your weak area is credit card debt like me, there is a ton of information on tackling debt at practical moneyskills.com.

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