1. I am good with money
In the digital age, the Internet has hundreds of thousands of resources available to help you learn about money. If you don’t know how to set up a budget, or manage your money appropriately, you can research online or seek financial advice.
2. I deserve to spend my money
It’s important that you only spend your own money, not someone else’s. If you can’t pay off your outstanding credit card balance at the end of each month – you shouldn’t be using it.
3. An emergency put us in debt
Unfortunately, the nature of emergencies means they are unplanned, so it’s critical that you have an emergency fund ready should the situation arise. Poor planning does not excuse debt problems.
4. It was a great deal
We all love a deal, but it’s always important to keep on top of your spending. If your spending above and beyond your limits in the pursuit of a good deal, then your purchase decisions have become counter productive. Don’t spend just because; spend with purpose.
5. I just need to make more money
If you’re already living beyond your means, chances are you will just live further beyond what you can afford should you make more money. Gain control of your money now, no matter how much you are making, only then will a pay increase help you pay off your debts.
6. I will start my debt plan next month
Why are you waiting? Putting off addressing your debt problem for another week just means the problem becomes harder to overcome, and before you know it you have an uncontrollable debt problem. The sooner you start, the better off you’ll be.
7. It’s impossible to be debt-free
This simply isn’t true. With the right advice and the right strategy anyone can overcome debt. At ChapterTwo, we are there with you every step of the way; always offering support, advice and relieving you of stress as we bring you out of your debt cycle. We will look to freeze your interest, we will give you more time to pay your debt, and we will negotiate with your creditors for a reduced final settlement.
If debt is taking control of your life, get in touch with one of our experienced consultants for your free advice today.