I apologize, my post yesterday wasn't quite in line with what this week was to be about, however this is something that really touched me, and I wanted to write about. So, we'll get back on track today.
Now that you have determined what your balance, minimum payment, and interest rate is, it's time to get to work! I am going to list your steps below, and I want you to begin them immediately!
1. Put your credit cards on a spreadsheet, listed from the highest interest rate to the lowest interest rate.
2. Also write down your balance next to each, so you can see how much you're about to attack!
3. We previously established a budget, which should now reflect how much you have to spend in credit card payment each month. I want you to take this amount and subtract all of the monthly payments for each card, except the one with the highest interest rate. I now want you to take the remainder of the amount and pay it to the card with the highest interest rate until that balance is gone.
4. Once the first balance is gone, you'll continue to do the same process over, until you eliminate your credit card debt. Trust me, it can be done, and you can succeed at this! Do not get down on yourself, stay positive and focused. IT WILL HAPPEN!!
Please let me know if you have any questions or comments about the credit card topic. Everyone have a good day!
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