Wealthy Living Credit Card Debt

There is all kinds of advice available on how to reduce credit card debt, but still nothing much seems to change. The problem still seems to persist and in fact, worsen. However, it’s not that difficult to reduce credit card debt. As we just said, there is a lot of advice available on how to reduce it and the only thing you need to do is put that advice to practice.  However, with that advice I suggest you use the principles of faith and prayer. 

Some credit card debt is so large, that it will take mountain moving faith to break it down.  This doesn't mean that you can still buy whatever you want while you get out of debt -- that's what got you into debt in the first place.  If you learn to center upon Kingdom living, you will learn to trust God for what you want instead of spending more than what you can afford at the time.  This is a whole new way of thinking, but it will help you to not just get out of debt, but to continually increase your money.  For the spiritual side of this information, click here and here. 

Now back to the physical side of what you can do along with your faith to mend and heal your credit card debt.  The first step to reduce credit card debt is to prevent it from taking dangerous proportions. The 2 most important ways of implementing this step are – balance transfers and use of cash.

Wealthy Living Credit Card Debt Solution:  Balance transfer

This is often treated as the number one measure to reduce credit card debt. This is really something that can help reduce credit card debt by slowing down the pace at which your credit card debt is getting built. It also provides you relief in terms of the APR being 0% for initial 6-9 months (and hence helps reduce credit card debt faster). To reduce credit card debt using this mechanism, you need to transfer your balance from your current credit card(s) onto another credit card that has a lower APR than your current card. Thus you reduce credit card debt by preventing it from increasing so rapidly.

Wealthy Living Credit Card Debt Solution:  Cash

The other preventive measure to reduce credit card debt is to use cash instead of a card.  I realize that hard earned cash is difficult to get out of pocket as compared to plastic, but this will reduce your credit card debt by not adding more to it. That is the simplest, and if you're in financial trouble the most difficult way to reduce credit card debt.  

This can be done, but you will need two things to help you unless you know someone who will lend you the money you need.  But then again, you will still be in debt.  So it is best to get out of debt once and for all.   

First, keep reading this series.  I have important information that will help you change your life to remain strong in your commitment to get out of this debt.  Second read the book, "It Makes Perfect Biblical Sense" and read "God's Wealth Plan."  Both of these will establish you in a firm foundation of God's financial program to help not only generate more money now, but it will help you to take positive action with your debt.  

So if you combine God's financial principles with the following information that you can obtain by clicking on the following links, you will have great success getting out of debt while you increase your money. 

This Wealthy Living Credit Card Debt series is in progress.  Please prepare spiritually while you wait for the rest of this series.  Then be prepared to learn how to spend wisely, avoid impulse buying, create a working budget, learn about the various means of debt assistance and more.