December 19, 2014

credit card debt

Living Debt Free

Living a debt-free life can bring spiritual rewards such as peace and wisdom. When you seek out Christian credit counseling, you open yourself up to financial blessings such as prosperity and abundance. People who are burdened with debt are affected on different levels including a spiritual and emotional level. It’s human nature to be embarrassed by debt even if it came about from understandable circumstances such as a medical illness or job loss.

Fortunately, at Christian Credit Counselors, the trained and certified credit counselors take a completely non-judgmental approach. After working together on a debt consolidation plan that will get you quickly out of debt, you can put into practice some of the good information you received about personal finances.

Saving for a rainy day

Unless you live in an area that is experiencing a perpetual drought, you know that there are going to be rainy days. In terms of personal finances, a rainy day could be the unfortunate situation in which your car breaks down or when your tuition bill is higher than you anticipated. Saving is a positive financial habit that lets you take responsibility for urgent situations instead of relying on credit cards, friends or family. You will feel less stress as your savings account grows and your debt shrinks due to a Debt Repayment Plan you commit to as part of your Christian credit counseling.

Sharing your knowledge

Some people get into credit debt because they have a generous spirit and are always bailing out friends or family who are in a financial bind. After receiving debt counseling help, you can either refer friends or family members who are struggling or share some of the knowledge you gained. They say it’s better to teach a man to fish than to give a man a fish. Be proactive before you get into a situation where a friend or family member asks you for a personal loan or to give you money. If you think you might sound too preachy, simply share how debt consolidation worked for you.

Being a constant student

When it comes to personal finances, there is always something new to learn. You can explore different topic such as investing in the stock market, qualifying to buy a home as a primary residence or investment property. Obtaining a higher degree can also help your financial situation by increasing your income-earning potential. If you haven’t started investing for retirement already, the first step is to enroll in a company-sponsored retirement account such as a 401(k) or take advantage of the newly-offered myRA retirement account or a Roth IRA.

After you are finished receiving Christian credit counseling, you may find you are just as excited about saving money as you are about spending money. You may also feel less day-to-day stress knowing your financial situation is improving without having to declare personal bankruptcy.

At Christian Credit Counselors, we provide debt counseling services. We have helped more than 300,000 Americans get out of debt, in many cases paying off debt 80 percent faster.

Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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