August 5th, 2008 Be wise with your Finances: Be Debt Free!

I am in charged of our daily expenses here in the house and it’s very stressful especially when the monthly bills arrived and we have to pay for it. We do have high bills for electric consumptions, phone and internet bills and as well as cable bills.

My mom uses credit cards for some of our expenses, especially when she’s in other country. But we don’t experience any problem on paying her bills because the bank gives all the help we could get from them including Debt consolidation and any other Debt help. Fortunately, every month, we can feel a Debt relief because her credit card bills are automatically debited from the savings account.

It is important to Consolidate debt and make sure to point out goals on how you will be debt free and set out when you can pay for those debts. Be wise on using the credit card, it is the responsibility every card holder to make sure they have monthly incomes for every monthly usage of their credit cards.

For household purposes, I make sure we have budgeted expenses and as much as possible, we try not to exceed on those budget. We purchase furniture using credit card or sometimes we pay groceries using it but we make sure that when the bills hit our doorstep, there’s money allotted for it.

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