Eliminate Your Credit Card Debt With A Budget and By Spending Cash!
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Ranked #26,749 in How-To, #266,376 overall
Yes, it's true. You can pay off your debt with what you already make.
I know that most people who are stuck in credit card debt don't believe it, but you can get yourself out of debt with what you already make.
No, it's not going to be easy. At least it's not going to be as easy as it was to get into debt in the first place. But you can definitely get yourself out of debt.
First, you need a budget. Every dollar that comes into your house has to have a "name" on it. This is going to be hard at first. If you haven't done a budget before, you probably don't realize how much you're spending. That's ok. Give this a go for a month or two. Budget everything. You may want to do it weekly. Keep track of everything you spend.
Next, you need to start spending cash and spending cash only. Stop using credit cards. Stop using debit cards. It's a fact that people spend more when they use plastic. You may think you're different, but I doubt it. Just use cash for a week. I bet you'll spend less money.
Read more. Get educated. Be smart with your money.
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