Looking for new and innovative ways to stay out of credit card trouble? Most of the good ideas have been presented, but here is one that might help. This one involves your behavior and attitudes towards credit cards.
Continue in Crisis Mode
Even though things might be improving and you can see the credit market beginning to open back up, continue to operate as thought there is a crisis. That means, continue to pay down your balances and aggressively clean up your credit. Be vigilant about credit card accounts that you have – do not open any more.
Keep extra income flowing as long as you can. If you have taken on a part-time job or jobs that are bringing in some much needed additional money, keep working them. Use that extra money to reduce debt and build up savings.
Retain the expense savings efforts that you began months ago. In reality, these might be things that you will want to embrace as positive lifestyle changes. These include shopping with coupons as well as more price consciously, shopping at thrift stores and yard sales.
Doing this along with other energy savings ideas can help you keep more of your money and when it comes time to pay bills, you will actually have some cash that is left over.
Using a mindset of intensity towards reducing your credit card and other debt will go a long way to helping you become more financially stable, even when times get better. Think of how much better off you will be then.