With your debts payoff with the debt consolidation loan, all your credit cards' balance will go back to zero and the credit card limit will go back to maximum for usage. If you spending behaviors still remain, you may start again to swipe your credit card and making the minimum monthly payment for your credit card balance. You may trap into another debt issue again soon. Don't let happen to you again, Things that you can do to avoid this from happening are:
1. Change The Way You Spend Your Money
Spending your money on impulse buying may cause you to spend out of your budget. If you tend to make such purchases, you need to change your spending behavior or else your effort to consolidation your debts and plan for a debt free will be a waste. Whenever you go for shopping, always bring along a shopping list to keep track of items that your want to purchase.
2. Have A Budget Plan To Keep Track Your Money Flow
You can avoid to create more new debts by knowing exactly where you money goes and how much you spend on each purchase. A budget plan can help you to ensure that you are spending within your earning after deducting your debt consolidation loan repayment. If you projected spending in your budget plan exceed your allocated budget, you need to cut away all the optional expenses and if there is a need, you may need to downgrade your living style so that you not over spending.
3. Avoid Swiping Your Credit Card
Paying with electronic money such as credit card is easy and convenient. And because of these advantages, it may cause you to over spend and not aware about it until you receive the credit card statement. Hence, avoid using your credit card again. Cancel most of your credit card could you a wise decision. You can leave one or two credit cards for emergency uses.
4. Make Full Payment On Credit Card Balance
If you can't stop using your credit card but you think that you can control swiping it just to buy items in your budget plan. Then, you must commit to yourself to pay full payment on your credit card balance each month. By paying in full on your credit card balance, you save yourself in added new debts to your account.
In Summary
Debt consolidation is a debt solution that can get you out of debt, in contrary it can lead you to trap into second debt problem. Hence, you need to accompany debt consolidation with a proper money management to ensure your debt issue resolve.
This Debt Consolidation article is provided by Articleteller - The Free Article Directory http://www.articleteller.com
Cornie Herring is the Author from www.studykiosk.com/CreditBasics/. This is an informational website on credit basics, debt consolidation & bankruptcy. Learn about money from our Money Lessons.

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