If you're in credit card debt hell, then this article is for you. Here a some steps to help your credit card debt and make it a lot less stressful. You need make more than you spend, track your expenses, and use a system to pay off debt.
First, let's talk about making more than you spend. It's a fact that you need more money coming into your life than you have going out if you want to get ahead. In order to know this, you have to figure out have much money you make each month. So write down your monthly income on a sheet of paper.
Second, you need to find out how much you're spending each month by tracking expenses. To figure this out, start carrying around a little notebook and keep track of every item that you spend money on. Especially, make note of the cash transactions. This is where most people don't think of spending "real money." A cup of coffe here, and a magazine there isn't real money, right? Surprisely, it does add up. Just keep track of this for 30 days and you might be surprised where some of your extra money is going.
Third, use a proven system to pay off debt. There are many ways to pay off debt, but some work faster than others. It's important that you list your debts on a sheet of paper and start focusing on paying off one at a time. This is where most people go wrong. They'll pay a little on Visa this month, and then pay a little on Mastercard next month. That's exactly the wrong thing to do! Focus on one debt until it's gone, and then start on another one. Before you know it, you'll help your credit card debt and be debt free!
There are plenty of resources out there that can help you focus on your goal of becoming debt-free. Reading articles like this one is a great start.
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