Framing the Dialogue

Posts Tagged ‘finances’

Debt…Deficit…Doubt…Disaster?

credit-card-drowning2Personal Finances:  My wife and I have amassed some decent credit card debt by spending more money than we had available, or deficit spending.  Since we are blessed with a good credit rating, the banks are always willing to raise our credit limit.  They are just so nice about that.  Rather than take advantage of those nice folks’ offer, we are in the process of reducing that debt through a number of means.  We are going to have to spend less, sell some investments, and restructure some debt, but should have it eliminated within the next three months.  Although it will be hard, but we feel that there is a need to eliminate this debt.