Millions of americans have lost their way financially. Couple this with the fact that the credit card industry has been allowed to continue its usurious practices of extreme interest rates and onerous nuisance fees while our elected leaders "Fiddle while Rome burns", and it should be of no surprise to anyone that we are in the economic mess we are in.
We have national smoke out day, so why not National Debt Freedom Day. To many americans have allowed themselves to become debt slaves to the credit card industry. Yes, we must take our share of personal responsibility for allowing this to happen. So, just like anyone suffering from any addiction, we must admit we have a problem and vow to take whatever necessary action to get to a solution.
How will the day be celebrated? On January 20th, 2009, and each year following, let all of us avoid using a credit card for 24 hours. Debit cards are acceptable. The idea is to one: Get us reacquainted with the idea of paying for something at the point of transaction, and not having a credit card company front the money for us. Second, think of the message. We will take back financial control of our own lives, and are stating we are tired of being victims of the banking industry with their 30% interst rates, and pay for life programs. Tell me what investor makes a steady 30% return. Third: We will no longer be victims, but take full responsibility for what has occurred, change our ways, and move on.
As is the case with the National Smoke Out Day, it is our hope that some people will go on to to relearn what it was like before they became addicted to credit cards. That feeling of having something paid for. As with any other addiction, we can only empower ourselves to become debt free. Realization that we have a problem is always the first step. Debt Freedom day is designed to help us achieve that realization.
The only way to regain control of your money, is to break the credit card habit. You can break the habit if you control your money. You can control your money by learning to budget and track your expenses and income. To do this you need a budget. If you need help learning to budget visit: http://www.americandebtenders.com/
We need to end debt slavery, one person at a time. Most of our national leaders do not have a clue. Please, feel free to send this article to everyone and anyone. You may reprint it in its entirety, provided you keep the signature line and permission line in tact.
Most importantly, participate in National Debt Freedom Day.
