Credit Card Debt May Be a Symptom of Impatience


Those struggling to reach financial goals should look inward and assess why this is so.  Often, it’s from failing to master the ability to delay short-term gratification for long-term rewards.

To avoid debt, spend less money than you earn.  To save money, spend less money than you earn.  To become an investor, spend less money than you earn.

Some will say that’s harsh and unrealistic, but in most cases that’s not true.  Spending less money than you earn to build an emergency savings account will often help to avoid unplanned and unwanted situations such as the loss of a job or a medical issue.

Save more money than you make.  It’s simply dollars in versus dollars out.

Comment List

  • Everyday I find it amazing the amount of debt people are willing to rack up. From new cars to big screens on credit! Keep up the effort of education.

    • David Auten 02 / 09 / 2015 Reply

      Thanks small steps. We hope to help others learn from our mistakes. Sure we had fun, but then the pain and anguish came from having to deal with the debt and pay it off.

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