A large number of Kansas City consumers use debit cards to purchase goods and services instead of using cash or writing a check.  After all, it is much more convenient to simply swipe a piece of plastic.  It is also convenient to track your spending online from simply looking at your phone or a computer.  However, even with the ability to accurately track your money without using a calculator, we tend to spend much more than if we use cash or write a check to purchase a good or service.  It is almost too easy to spend money if you have a debit card.  Using the debit card itself may even become a habit, just like smoking cigarettes, chewing gum all day every day, going to Starbucks for that five dollar latte, among many others.  Most of us have habits, but some habits cost much more than others.

Costly Habits Contribute to Overall Debt

Some habits become so costly for people that they begin to use credit cards to purchase the item or good simply because they do not have sufficient money in their bank accounts.  When you notice yourself using a credit card to purchase a coffee or cigarettes, it is time to reevaluate your financial situation.  The more you find yourself using your credit cards, the faster your debt may spin out of control.  It becomes a vicious cycle where you have to use your hard-earned money to pay off your credit card bills, and then once you have made your monthly credit card payment, you are left with no money for yourself.  You then use your credit card once again, and the cycle continues.  This is something common to many Kansas City consumers and other individuals across the country, so you should not feel as though you are alone if you are having trouble managing your costly habits.

What Should I Do?

First and foremost, you need to stop using your credit cards.  This may require that you put your habit on pause, regardless of how difficult that may be.  Time off from your habit not only will allow you to cut down your credit card balances, but it may help you kick your habit, or find alternate ways of satisfying your habit that are more cost-effective (such as drinking coffee at home instead of going on a Starbucks run). 

Second, you should retrain yourself to use cash or a check when purchasing a good or service.  Checks may become obsolete soon, but cash will always be around.  If you give yourself a certain amount of cash each day that you are allowed to spend, you will learn to manage your money better.

Lastly, if you have made every effort to take charge of your debt and slow down or even eliminate your costly habits, but you still find yourself under a mountain of debt, it may be time to speak with a Kansas City Debt Relief Attorney.

Contact Kansas City Bankruptcy Attorney Douglas Breyfogle to Schedule a Free Consultation

We all have our favorite things that can rack up a large amount of money over time.  Knowing how to manage your costly habits is essential to becoming debt-free.  If you would like to take charge of your debt, you should speak with a Kansas City Bankruptcy Attorney who will provide you with all options available for eliminating and managing debt.  Whether bankruptcy is the right path for you, or a credit card debt-management program is more suitable, among many other options, a skilled attorney will help you reach your goal of learning to live without significant debt.  Kansas City Bankruptcy Attorney Douglas Breyfogle has more than twenty years of experience helping Kansas City consumers put a stop to debt once and for all.  If you would like to speak with Mr. Breyfogle about your financial situation, contact our office today by calling (913) 742-8700 to schedule your free consultation.