Gaining Control of Your Credit Card Spending

By Debbie Wilson
LoanPage.com Columnist

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Getting that new home loan might seem like an impossible feat, but it doesn't have to be so. Now is the time to take charge of your wallet by resisting the urge to credit card splurge.

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Stop Impulse Credit Buying

It's not that you have zero self-control or that you don't have the willpower to curb your spending and start saving for that new home loan. It's more a matter of how shopping makes you feel. Using your credit card for impulsive buys provides you with an almost hypnotic effect. But behold, now is the time to take control of your credit card purchases and obtain that new home loan you've always dreamed of.

Credit Card Willpower

In order to reduce your credit card debt and obtain that mortgage, you'll need to consider the following tips:
  • » Window shop without money.
  • » Don't make shopping a social event.
  • » Whenever possible, pay in cash.
  • » Stay away from stores where you can't leave without a purchase.
  • » Distinguish between a need and a want.
  • » Keep a shopping diary (put all would be credit card purchases into your new home loan savings instead).

Get That New Home Loan

Go ahead and take the plunge. With a little credit card shopping willpower and a halt of impulsive buying, a new home loan could be in your very near future. And while you might be feeling a little deprived, a little credit card control now can offer you a lifetime of savings in the future. You'll be glad you made the switch from impulsive credit card buyer to new home owner.

About the Author
Debbie Wilson owns and operates a lakeside resort. Her previous experience includes profitability consulting for a national healthcare company. Debbie holds a B.A. in Business Management with a minor in Physical Education.

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