Why You Should Get Out of Debt
Today |
By Carmen Shearer |
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The main reason for getting out of debt today, is because people
with little or not debt have more control over their future:
1. They have more discretionary income, meaning that you won't
be living pay check after pay check as you probably are right
now. Can you even imagine how nice it is to be able to go to the
Spa or for a nice dinner without having to put it in the credit
card, but paying with your savings or extra money from your pay
check
2. They can afford to go in longer vacations or
actually to go on vacations (period). My husband and I go on
long vacations every year. We've gone to places like Fiji, New
Zealand, Tahoe, Panama and we are going to Europe this year.
It's so nice to go to new places and don't have to worry about
how to pay the bill when we come back, because we've saved the
money to pay for them in advance....
3. They can afford
to plan the way to have one parent to stay home with their kids.
When you don't have to pay so many monthly payments in credit
cards, loans, etc; most likely the cost of paying a day care vs.
you going or your spouse going to work doesn't make sense.
That's why most people with little or not debt can afford to
have one parent stay home with their kids.
4. They can
save in advance to buy goodies... (cars, down payments for
homes, appliances). Talking about not living pay check after pay
check... What about buying your car and paying cash.... I know a
lot of people that has done this and it feels great to be able
to save some good money, buy a brand new car and don't have to
worry about payments.
5. They have better credit,
therefore, they don't need their own money to buy stuffs. Credit
Scores are higher in people without debt, because they are not
consider "high risk consumers". When your credit score is good,
(700 ) you can pretty much buy anything you want, from houses to
cars with the minmun interests and even with 0% down payment.
Would you like to do this
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