January 15,2007

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  When it Sounds Cheap at the Time...

  People in major trouble with credit card debt rarely get there on account of just a few high-dollar purchases. Sure, star athletes with huge endorsement deals have been known to get themselves in trouble blowing through millions of dollars like bubble gum, but your normal consumer falls to different traps. One of these, one that you might be vulnerable to, is the allure of low introductory rates on such intangibles as phone, cable, and internet services.
  
  Service providers like to tempt new customers with upgrades to premium monthly plans, with the hook that it will cost "only" x amount for the first three or six months. Unfortunately, people can be short-sighted, and just not grasp what that bill is going to cost them beyond the intro period. It's a sad thing when consumers must scrimp and pinch to pay hundreds of dollars the cable bill, just because they let their budget get away with them. Very few people outside of the entertainment industry NEED to have every channel on the dial, plus the priciest internet service. By not subscribing to more phone/internet/cable than you need, you can save a good deal of cash each month to sock away at necessary debt.
  
  
  
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