Eliminate Debt In 7 Simple Steps

Having a lot of debt to pay can be very troublesome. Credit card debt as well as other forms of debts is actually a big issue especially in the United States. For example, most people who have credit cards still have balances to pay. And these balances even have an interest rate of 10%-30% APR.

If you would like to get out of debt, then you are on the right page. You should read the rest of this article in order to stop amassing more debt and to start paying them one by one.

Write down everything you have spent for a day; this is the best way to keep track of what you are spending. Every single day, you have to write down everything you have purchased or paid for. This will help you check if you are spending more than your required budget for a particular day.

Avoid amassing more debt.

Cut down all of the credit cards that you have. Only one credit card should remain. And this credit should only be used to buy during “emergencies.” The remaining credit card should only be used to purchase thing you are capable of paying off in a short amount of time.

Divide your spending into categories.

You should (Read More….)