Millions of Americans set a goal and succeed in paying off their credit card debt each year! Is this one of your goals? With determination and a plan, you can take control of your credit, improve your credit score and start building a savings account in the process. Here’s how:
CUT THE CARDS The first step toward reducing your credit card debt is to stop adding to it. While you don’t have to literally shred your cards, you do need to stop using them routinely. Try one (or all) of the tips below to break this habit:
Carry Cash Give yourself a weekly cash allowance for expenditures. You’ll be more aware of how much you actually spend; plus, once you run out of money, you’re more apt to stop spending.
