Posts Tagged ‘ elderly stay out of debt ’

SENIORS: STAYING OUT OF DEBT

Jun 14th, 2012 | By Dr Jerry D Elrod | Category: Senior Moments Blog

One of the most critical disciplines for seniors is to stay out of debt. Keeping your credit card bills current, while determining that no new debt will be incurred is a major and important step at achieving self control. Keeping your income to debt ratio in check is one of the healthiest ways to maintain a sense of self worth. Having bills mount, spin out of control and become day by day worries is no way to enjoy retirement.

Keeping a strict watch on spending, controlling necessary costs by keeping them within realistic limits, budgeting discretionary outlays to stay within absolute limits will enable you to reduce the fret of debt. Saying no to yourself and to others means that you have taken on the tough job of controlling spending. Check your monthly expenses with a sharp eye. What did we buy or do last month that we could have done without. How many times did we