Get Out of Debt Spread
On This Day
Not all debt is bad. Borrowing for a home or education makes financial sense if you do not over-borrow and can afford the monthly payments.
In 1835, President Andrew Jackson rose to make an announcement few presidents have had the honor of making: “Gentlemen, the national debt is paid.” It was the first time the nation was debt-free, and it lasted for one year.
Summation of Spread
The King of Pentacles is associated with great wealth. He excels in business, real estate, and practical matters, and he is serious about his financial situation. His scepter represents power and he sits in the very kingdom he has created. He is generous, reliable, and patient.
Being debt-free releases anxiety, allows you to save, and gives you the freedom to choose what you spend money on. Today’s spread uses this auspicious day to begin a dialogue with yourself about your debt situation.
Cast Your Cards
Imagine yourself debt-free. Take a breath. Know that you build confidence and stability with each card you cast.
1. What is a core reason I got into debt?
2. How much debt do I really have?
3. Do I use my credit card to pay for basics?
4. Do I buy things I do not have cash for?
5. Do I lie to others about what I spend money on?
6. Do I borrow money from friends and family?
7. Can I stop going over the amount I have budgeted for myself?
8. Can I honestly start tracking my spending?
9. Can I create a financial approach that will work?
10. What is the result of implementing my plan?