Paying off debt can be exhilarating at first. But what happens when the grind of careful budgeting wears you down? You dream of getting to the other side and can see it getting closer, but that last debt payment is still so far away. How can you fight the urge to give up?
Automatic bill payment can be useful, but it can also do more harm than good. The convenience of automatic payments often means consumers pay less attention to their debts over time.
Even when you commit to eliminating debt, it is not easy to sever long standing relationships with charge nd credit card issuers. American Express was my go to card for 28 years. But I broke it off, and I am not looking back. You can, too.