subject: How To Live A Perfect Life Without Debt Or Credit [print this page] Most of the consumers make the mistake of presuming all their debts as external, but on a closer look it will be revealed that many of the luxuries that they may never need or those that they cannot afford, may lie in their homes. In todays world where every television commercial entices us to buy and try new products and services, we may actually end up inviting debts sitting at home. In addition to all these, the trends of internet shopping can build up huge credits if we are not too careful. But have you ever imagined that you can run your household in the smoothest way without consulting a debt settlement lawyer or opting for a debt settlement program in case if your debt scenario is sufficiently bad, or can you think of discarding your credit cards even though there is a rapidly evolving culture of using these cards to buy almost anything. Living without credit or debts may actually be possible, but first you need to fathom your desires, needs and view them as two separate entities. While making a purchase of your needs with credit cards is meaningless, indeed buying a car with credit cards can make some sense but at the same time if you are not able to make your monthly payments on your credit card account, you would be simply carrying unwanted debts which may be difficult to get rid off. There may be a separate class of consumers particularly in US who may fall into the category of people who are living without credit or debts:People with bad debts People who are affluent,Kids, Immigrants,People who have just retired
Those who want to survive with cash and keep debts ,credit at bay.
Now let us explore some of the habits that may allow you to stay away from credit and debts:A good idea is to build on a separate fund account namely an emergency fund, or the credit card itself can be used as a means to tackle sudden emergencies and use cash for the rest of the expenses.For making online purchases, debit card is a better option particularly those that have the certification of a VISA or a Master Card.Make the habit of earning more interests instead of paying for credit or debit cards by investing your money in suitable options and you can simply watch your funds to grow within no time at all.No matter what your debt situation may be, you should adopt a hasty pace to save for your retirements.Last but not the least, everyone should prepare an effective budget and stick to it fully.
Therefore in order to have access to credit, you must be aware of its proper usage and the necessity to have a sound credit history. On the other hand all these cannot be achieved unless you are out of the cycle of debts.
