5 Stress Busters to Lighten Your Debt Worries
3. Say not to credits
If your debts are increasing, and if you are not able to pay it on time, do not take another credit to repay that debt. It will initially make you feel powerful and release your stress, but later you will again end up with heavy debts on it that you will have to repay. Plus incurring more debts will decrease your credit score and can damage your financial stability in the longer run.
It’s very important to understand that it’s just a feeling of liberation when you get a new card. Remember that this liberation is short-lived since you will have to pay monthly debts. “It’s true that you’re taking on more debt, but you also feel like you have more resources available to you, and that’s a relief to a lot of people,” says McGonigal.
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