ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Managing Credit Cards & Payment Options

Credit Card Spending

Updated on January 28, 2010

Spending On Credit - Getting Back To Basics


I don't think there is one person right now that isn't affected in some way by the current economic downturn we're experiencing.

In some ways, I'm thinking that maybe what is happening right now is a good thing in some respects. Credit limits are being cut, and people can no longer "consolidate" their debt into home equity loans, because most of us don't have any equity available. Don't get me wrong.....these are not "good" things, but I do believe that all of us are having to re-think our spending habits, and THAT IS a good thing.

Do You Really Need Everything You Charge On Credit?

For too long, we have been on the "gotta have it now" program, which has thrown a majority of people into more debt than they can ever afford to pay back. I reflected back myself on things I've bought that I never even used or really needed. Did I really need to spend my money on that? No, not really.....I just "had to have it" for some reason or another that I can't even remember now.

We Need To Cut Back...

We are all so rushed in this life. There is never enough time to get everything done that we want to do. Our life has taken on "outsourcing" to complete the tasks we either don't want to do, or don't feel we have the time to do, or just don't know how to do. Outsourcing takes money and the majority of us just don't have the disposable income we once "thought" we had to pay for these services. We're having to cut back now. The housekeeper and gardener services are being cancelled. We're not buying things we don't really need. We're not going out to eat as much, nor are we going out for our entertainment as frequently as we used to.

I think we all need to get back to basics and learn how to do some things on our own, and for ourselves. We need to re-think our spending habits, focus on reducing our debt, and learn how to "save" money instead of "spending" it. We need to invest in ourselves, our own security, and our own future. We need to set an example for our own government by not spending beyond our means. We need to have emergency funds saved for ourselves, so we can bail ourselves out of our own mess. We need to be accountable for how we got into this position, change our habits and take personal responsibility.

Getting Back To Basics:

Going out to dinner has become a privilege now, not an expectation. You know what? Recently, I've actually learned how to cook some pretty darn good meals! Not only that, but we're spending more quality time together as a family, because we all get involved in the process. My kids have even come up with a couple of concoctions that pass as "edible"! You know what the best part is? It's not the homemade dinners that I remember, but the quality time I'm spending with my family actually making them. That's priceless.

Instead of spending money going to the movies, we're dusting off the board games that have been shoved to the back of the closet for too many years. The laughter, jokes, and quality time we're now spending together is bringing us closer together as a family. More priceless memories.

I love taking long walks with my teenage daughter now....talking about her favorite topic....boys. It brings us closer together and the more she talks and I listen, the more she tells me and the closer we get. Trying to relate to a teenager is no easy task for most parents, myself included. I think I've found the key to that dilemma in just listening to her. I find out all sorts of things about her views on life, her dreams and her plans for the future. I try to tell her every chance I get, how proud of her I am and her face just lights up. There is nothing better in the world than the sight of a smile and happiness on your child's face. Now she bugs me to go walking with's become a part of our daily ritual, and one I look forward to every day.

When was the last time you just curled up on the couch in front of the fireplace with a good book or with your spouse and just sat and talked about the good times? I'll bet you'll remember things about times you spent with loved ones or others; not the things you bought. In the grand scheme of things....nothing you bought, brings you more happiness than the things you actually experience with the ones you love.

Take Some Responsibility To Get Out Of Your Current Situation:

Now is the time to take responsibility for our own credit. Credit affects every area of your life, from home loan rates, to insurance premiums, employment, whether or not a landlord will rent to you, and whether you will even qualify for a credit card, along with what rate you will pay. You need to realize the importance of the roll credit plays in your entire life. How much is your "bad credit" really costing you in the grand scheme of things? Maybe you should take the time to read and learn for yourself. If you don't know what you're doing or how it works, then find out! Don't let credit repair companies scam you out of thousands of dollars because you don't know what you're doing.....FIND OUT! It's not rocket science or brain surgery....really it's not. You could probably learn the basics and enough to make a complete turn-around in your life, if you just took a couple hours to read up on the subject.

We need to learn what affects our credit and what changes we need to make so we have the highest scores we can possibly have. This will afford us "choices" in our lives and not rely on some government bailout program that's going to end up costing all of us even more than we owe now.

Now is that time. Credit Trauma will give you all the education you need to become knowledgeable and self sufficient in this area. Just check out our "About" section and find out which scenario best fits your situation. You no longer can afford to bury your head in the sand, and you can no longer afford to pay someone hundreds or even thousands of dollars for services and tips that you can use and implement yourself. There are hundreds of resources out there available to you for just have to find them and that's what we're here to help you with.

It's time to get back to basics.....that means taking responsibility and doing more things for ourselves. You know what? It feels good. There is a sense of accomplishment and pride in doing something yourself. I think we all need to get ourselves back on track.....learn how to do the simple things.....and remember back to a time when that's all you needed to be happy.



    0 of 8192 characters used
    Post Comment

    • profile image

      Jesus Reyes 5 years ago

      I've really noticed that credit improvement activity has to be conducted with techniques. If not, you are going to find yourself damaging your rank. In order to realize your aspirations in fixing your credit history you have to always make sure that from this instant you pay all of your monthly expenses promptly in advance of their appointed date. Really it is significant since by definitely not accomplishing this, all other measures that you will decide to try to improve your credit rank will not be successful. Thanks for giving your suggestions.