Photo Credit: Alison Cassidy
The greatest danger to a person who has been down to the very bottom financially is that once things are starting to improve the same patterns of behavior that get them in trouble once will take them back there again. I thought it might be worth spending a few minutes thinking about that as this book wraps up.
It’s not always possible to avoid debt. One emergency surgery can devastate an uninsured person. Being laid off from work can happen to just about anybody in this economy. Nothing is absolutely guaranteed.
There is one thing we can all control, however, and that’s how we deal with our individual wants. There are really only two helpful ways to deal with things we want and don’t have: one is to work harder, the other is to want less. Whichever you choose, stay well clear of believing that easily available credit is anything but a trap.
I learned a lot of things while getting off the debt treadmill:
I learned that paying $800 a year in overdraft charges is insanity and I got a new bank account that wouldn’t allow overdrafts.
I learned that actually reading the books I had before I allow myself to get new ones makes me read more.
I learned that, if possible, it’s better to negotiate directly with a hospital than put charges on high interest credit cards.
I learned that my kids love games I invent on the playground with them just as much as they love new toys.
I learned who my true friends were (because they were still my friends even though they had to pay for lunch whenever we went out).
I learned that there is a way out, a way up, and a way ahead.
That’s my story.
If you’ve found a way to opt out of the endless cycle of interest and debt feel free to drop me a line and let me know your story too. I would love to hear it.