How Easy Is It To Max Out Your Debit Card On Fashion 1 comment

Splurging In Fashion And Shopping Can Led To Debt

Feeling the growing pressure to spend more can lead to debt, and it is more felt by ladies within the age group of the twenties to thirties. A Recent study says that from working women to new moms, everyone has felt the urge to spend more on newer and more fashionable items and thereby lead to debt. Even fashionable ladies have this desire to emulate the celebrities’ lifestyle which results in more splurging. Add to it the constant pressure from peers and the easy access to credit has even worsened the situation. This combination of binging and relying on credit has led to risking of financial implosion among young women.Dont Let Peer Pressure Put Your Credit At Risk

Attitude To Credit

The attitude towards credit is becoming more and more careless with the availability of more items at disposal, discounts and attractive promotional offers and several other factors. You will see almost nine out of ten women, also men; use credit cards, which they have multiple in possession, to fund for expensive clothes, weekend entertainment, eating out and several other extravagances. The constant desire to look good and spend more than you can for socializing leaves many women in this age group careless about their overspending, leading to unmanageable debt. 

Ray Of Hope

Things are not all that bad as you can manage such situation with some disciplinary measures and lighten up your gloomy looking female finance. It has been found by several credit counseling agencies that women are more likely to seek to counsel and follow advice than men when things get close to the wire. You can check online to know more about such credit counseling agencies and the kind of help they can provide to revive your deteriorating financial health. You can wipe out the debt and curb your spending habits with some very simple and straightforward measures.

The First Step

The step is to ascertain your spending pattern and find out things on which you are spending more. Find all those credit expenditures throughout the month and ask yourself about the reason to validate such binging. If you have a wardrobe in which you do not know which clothes are where then you should think that you have more than enough. It is time you should cut your spending. You can sort out the things that you do not often wear and sell them online. The sale proceeds can help you to reduce your debt as well.

Review Your Store Cards   

You should review your store card the interest rate of which usually stays close to 30% and also try swap shopping when you want a new outfit for a particular occasion. There are several websites which will help you out with this. If you have to take credit to compare the deals offered by different credit cards. You can also consider zero percent balance transfer as well. Try to stick to the basics while repayment is making sure that you always pay the minimum balance and prevent any further increase in credit card debt. Once your debt is on the right track, it is time to create a corpus to meet your desire.

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About Karren Haller

I am a +70 Blogger that loves connecting with other women through blogging. A new recipe always intrigues, finding a new craft, creating bracelets occasionally and gardening is a favorite and writing brand reviews is a favorite for my readers. But most of all the connection to other bloggers. Creativity, simple life and getting things done

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