Studies prove it; people with high levels of credit card debt do indeed enjoy life less. In fact, levels of happiness seem to be directly related to levels of debt for married couples. Believe it or not, reducing credit card debt is an effective way to make your love life better.
The best way to reduce your credit card debt is to cut back your spending in some area and apply that savings to your credit card debt. Be careful, though: You will not reduce credit card debt if you spend the money you save on something other than your credit card balances. An easy way to reduce credit card debt is to reduce your spending on food and drink consumed outside of your home.
Keep A Food Spending Diary
The first step in reducing credit card debt is to keep track on how much money you are spending on food. Doing this will open your eyes about how much you are paying others for the convenience of having ready-made drinks and meals. It will also give you an idea of how much you can save by making a few simple lifestyle changes.
If you change your habits too rapidly, you are more likely to feel overwhelmed by the changes. On the other hand, making slight moderations to your food spending habits is more doable. Sticking to your plan will leave you feeling proud.
Coffee Drinks: How to Cut Back
There is no denying it, coffee shops like Starbuck's have become a strongly entrenched part of modern American culture and breaking the cycle of high priced coffee spending is anything but easy. Buying a five dollar coffee, tipping the employees, and then adding a specialty pastry like a bagel, scone, or croissant is an expensive morning routine.
If your goal is really to reduce your credit card debt, you should elect to make your own coffee at home. The amount of money you spend on one day of coffee at a fancy coffee shop is about the same you would spend on a whole week of homemade coffee.
About the Author:
Are debt consolidation non profit services the best way to consolidate your debt? Maybe, but not always. Get the full story at the Inside Debt Consolidation website at http://www.insidedebtconsolidation.com
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