Presented by Daniel Toriola
Getting rid of debt takes certain bold steps. Cut unnecessary expenses and reduce your monthly expenses.
Make a few simple changes in lifestyle and you can comfortably live within your income and save money
everyday.
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Eliminating Your Credit Card Debt
By Christina Costa
Getting rid of your credit card debt can be done, but it requires some planning and patience from
you. Once you figure out a plan of action, the most important thing to remember is to follow through
with it.
You will find that the reward is going to be well worth it. Besides, doesn’t saving money sound like a
good benefit?
The choice is yours, but it's usually best to start with the card that carries the highest interest rate. For
some, they decide to just pay off the card with the smallest balance first.
The most important thing to remember is that you need to figure out how you will exactly eliminate
your debt before you start. Then remember, stick to the plan.
First things first, you are going to have to create a budget. This will help you to evaluate your monthly
income and your expenses.
By really focusing on your spending you can look at your habits. There will be expenses you don't
really think about (fancy coffees, dinners out, hand car washes, etc.) that really can add up. It's time to
get strict about where your money is going, because right now it needs to go towards paying off your
debt.
Now is the time to stop using your credit cards. There is no possible way you can eliminate your credit
card debt if you are still in the process of making transactions. The outstanding balance will not go
anywhere if you are still adding to it.
You have probably heard it before, but it is time to practice this. It's very important that you