Top tips to tackle credit card debt: 1. Check if your extra repayments will do the trick - After you do a budget take the figure you think you can spare to pay off your credit cards. Youll see paying off your card much quicker and saving a lot of money for yourself. Remember, even a small amount more will make a difference. 2. Follow through and deliver - Closely check your credit card statement every time it comes in and commit this money to it. You might need to set up a direct debit to make this happen. Following through with the promise you have made to yourself to pay off your card is critical. 3. Get a better deal - If you are paying high interest on your credit card you should shop around for a better deal or consider a balance transfer. Just make sure that the interest youll be paying after the honeymoon period is not higher than the interest you are currently paying or you might be back to square one. 4. Build your wealth with your savings - Work out how you will use the money saved in credit card interest to invest in building your wealth this year. ***If you need help with money management write to me and I will work with you to find a way out. If you enjoy reading my post please dont forget to like my page or sharing it to your friends or family.***
Posted on: Mon, 17 Mar 2014 13:21:37 +0000
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