Let's face it, credit cards are evil! The credit card companies tempt us with these special offers, large credit limits or no credit limits, and giving you the option to put your favorite picture on the card. And after all that, you get your statement at the end of the month, and you are probably thinking, "I spent that much?" But it's ok because you have a minimum payment of twenty dollars a month to pay for the rest of your life. So here's how you get rid of those evil cards:
1.) Add them up! Take all the credit cards you have, and add the total up.
2.) Pick the one you want to pay off first. Personally, I start with the one with the lowest balance because I know I will be able to pay it off faster--not to mention you can then focus on the ones with the larger debt.
3.) Create a goal list. Sometimes when you start to pay one credit card down, that "available balance" can be tempting. So let's say your goal is to pay off your Citi card, and when you do then you will get a new video game, or cellphone, etc. And don't forget to cut up the credit card!
4.) Save! Save! Save! Ok so now you have paid off all your credit cards, and thrown them away, and all of a sudden...you have a little more extra money. Feels good doesn't it?
5.)Make a new list. So, you're saving all this money and you don't have any of those mean old credit cards to use. What do you want to do? Do you have anything like car insurance you want to pay off in full? What about planning a trip? How about checking your credit score to see what it is? The possibilities are endless!
1.) Add them up! Take all the credit cards you have, and add the total up.
2.) Pick the one you want to pay off first. Personally, I start with the one with the lowest balance because I know I will be able to pay it off faster--not to mention you can then focus on the ones with the larger debt.
3.) Create a goal list. Sometimes when you start to pay one credit card down, that "available balance" can be tempting. So let's say your goal is to pay off your Citi card, and when you do then you will get a new video game, or cellphone, etc. And don't forget to cut up the credit card!
4.) Save! Save! Save! Ok so now you have paid off all your credit cards, and thrown them away, and all of a sudden...you have a little more extra money. Feels good doesn't it?
5.)Make a new list. So, you're saving all this money and you don't have any of those mean old credit cards to use. What do you want to do? Do you have anything like car insurance you want to pay off in full? What about planning a trip? How about checking your credit score to see what it is? The possibilities are endless!
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