Some expenses can not be crucial for the quality of life. Second pillar: the budget, the magic number You just need to know how much you can charge your second credit card in a month. You really have to take out the spreadsheet or software accounts unless you enjoy them. The calculation should be simple and direct. The magic number is your take home net salary minus monthly fixed expenses, ie reimbursement of home loan, insurance, memberships, school fees, etc. magic number does not show what you can afford, but indicates the limit of monthly expenses. It is a mark to ensure they are able to pay full three credit card balances in a month.
Keep the magic number in mind every time you charge a fee for your second credit card. You must have a payment plan account for large items such as renovations, furniture, holidays abroad, etc, before charging the costs to your second credit card. Does fixed-term deposits elsewhere to pay credit card debt? Are you willing to sell their shares to eliminate the balances? Have you organized other loans to pay credit card debt? If you do not have financial resources or funding from other media, not spending on big items. It is the beginning of its financial problems. You must remember that credit card debt is consumer debt more expensive than you can get into. Third pillar: a different way of thinking now lives.
“Live Today” is not equal to “spend today.” The media propagates the virtue of going through what equates to “live now.” “Carpe diem, and buy” is the message that leads to a generation of debt-ridden middle class. The focus of action is to improve the effectiveness of their spending to achieve satisfaction. If you need to spend a lot to increase their happiness or satisfaction with the level of an average person, which are highly ineffective. Find good things in life that require little cost. Live now, there is now. Practise procrastination in buying things. After a time when cooling is probably not seem to matter whether you own or not. Fourth Pillar: Quality of life a emphasis on quality of life rather than spending. Check your credit card statements and identify their spending habits murderer. Find quality alternatives. The best coffee she had was not like Starbucks coffee bars, strudels, etc., but a small air conditioning, Indian restaurant. The coffee is called Bru Coffee. If a trip to Tokyo is too expensive, why not consider Sydney or Hong Kong? Spend time reading with their children instead of partying all night. If there are material things in life that you could not do without, even if it means being unable to pay their cards this month or the next few months, you get in credit card problems sooner or later. The income level has nothing to do with the problem of debts. There are too many workers with high around the failure for us to know this. It’s about how to treat your money as simple as that. The pillars of the practice of four and let the credit card problems be a thing of the past. C