Debt Dangers For Women…
Women these days have never had so many choices and this may make it appear that they’ve never had it so good… But is this true when we see many women battling with debt, trying to hold on to their jobs as well as trying to keep home and family together…?
The choices open to women appear to have no bounds in the areas of employment, education and family. Are there too many choices?
It seems incredible that as recently as the 1970s women weren’t permitted to apply for a home loan. It’s only during the last 30 years that most women’s life opportunities extended beyond being a wife and mother. Their financial well being and security was based on their husband’s success in life.
Increases in choice and opportunity come with increased responsibility, including that for taking care of personal finances in face of the endless sources of credit that’s available. Unfortunately many women have behaved like kids in a sweet shop, taking the credit sources by storm and spending money like water…
How has this over indulgence with credit cards turned out?
Mountains of debt… Seemingly insurmountable debt, built up by intelligent, well educated women who should really have known better…
Women who are now debt ridden were drawn into the hype of easy credit. They couldn’t avoid the daily onslaught from advertisers who continually pushed the dream of having anything you wanted…
Waiting to buy wasn’t an option. You were led to believe that you could have anything you want as soon as you wanted it… You didn’t even have to pay for whatever it was for a while – next year would do!
What discipline was needed to resist this sort of temptation…
Your new house could be filled with lovely new fittings and furniture… You didn’t have to wait or do without… Just sign on the line and wait for the delivery van to arrive.. New possessions and a new debt!
Women haven’t done without any other luxury items – clothing, shoes, cosmetics, exotic trips, fantastic social activities… Looking good and feeling good were the most important things… It was considered their right… Women wanted it all and were determined that they were going to have it all… And the consequences? They weren’t even considered…
Now it has all come home to roost with many women having massive amounts of debt to repay. The levels of debt are horrifying…
Debt levels of women are far greater than the debts accrued by men and an additional problem is that men’s earning levels are generally higher. Women’s financial predicament is very serious, leaving them embarrassed about the mess in which they’ve found themselves and reluctant to face the disturbing truth…
The earlier money problems are faced the better the outcome. Professional debt advisers can offer help and guidance to help with your debt problem.
You need to ask for help and advice on budgeting and money management. You’ll need advice on how to control your spending. Cutting up your credit cards is a priority and you’ll have to take a reality check about how much money you have – or haven’t…
You must face the fact that life will be tough for a few years until you get your finances sorted out… But your problems can be sorted out…
If you have a problem managing your finances visit Settling Credit Card Debt For Good where you can find valuable, free advice and guidance to help you source appropriate financial products to set your finances onto appropriate track.