Thread: Tips?

I'm guessing you mean you want to start paying down balances - is that right? If so, then yes, the highest rates are a good place to start. An important thing to decide first is to change your spending habits because if you don't, you'll end up paying some down and going right back to maxing out your credit lines.

Good luck to you!

First - create a budget that has you spending less than you earn. Try to save at least 10% of your net income (not counting 401k or other retirement).

Then, go after the highest interest debt. If you can, refinance and consolidate your debt but only if you already have a budget and have the discipline to stick to it, otherwise you'll end up charging your cards up again.

Peace

So Jacabwatt you post a lot but don't say much. What gives?

Just kidding

Hi,
I, too, wanted to get rid of my credit card debt. The first thing I did was look
into credit cards that had a 0% for balance transfers. These offers are usually good for a year or 15 months. I tried to save money, living below my means, very easy to do, just use your creativity like cutting down on coffees,
dinners etc. The extra money I saved I put on top of my minimum payment and applied that to my credit card.
I have done that for the past year and my balances have gone down considerably. My kids are in college and I live alone. I pull my plugs out of the sockets when I am not using them. I only use lights when I am in the room. I have cut down on eating out once a week. I cook at home more. I shop at thrift stores and always look for a sale.
These are some ways that I have learned to adjust my style of living in order to get the credit debt off my back. And, it works. Good luck.

Congrats younglady50. Not many people would be willing to cut back in order to get out of debt, which is kinda ironic since it's overspending that gets you into debt in the first place.