How To Reduce Credit Card Debt Sytematically

Having credit card debt piled up as high as a mountain is a nightmare and this can happen to anyone. It’s like a tornado. You can barely remember a thing, you just see the results. Say you go to mall to buy a winter jacket and end up with a jacket, two pairs of jeans, several new shirts and a new tie for the new suit bought three days ago… And you realize you won’t get your paycheck until the end of the month and not not today, nor will you get that raise you were hoping for because of the „economical crisis” and other obscure reasons. But you just don’t stop: you’re swimming in plastic. Till some day, when you realize that you’re overwhelmed by debts. Good. You realized it. First step to recovery.

Take a two days vacation and don’t panic. Stay at home, keep your mind busy: evaluate your current situation, your income/debts balance and try to find solutions. Make a list of all your credit cards and rank them by debts interest. Top-priority: the highest interest cards. Consider a fixed percentage of your monthly income to go in the direction of paying off the high interest credit cards. Then multiply it by 1.5. The .5 part will be used to pay the low-interest cards (do those even exist?…).

It wont be easy, bad habits die hard and this situation was generated by you neglecting what people call „common sense”. So – it’s time for an attitude change. Yes, you’ll be a fighter – and you’ll fight your debts and it have fun with it (I’m trying to make you feel better). Now you’ll wear the clothes you bought the past few months, because you won’t let yourself repeat the –oh-i-love-this-shirt-I’m-going-to-buy-it-now experience too soon!
Check your resources – and ask for advice. Tell your trusted friends about your decision – remember, there’s nothing to be ashamed of, paying your debts is a virtue, and ask for advice. „A friend in need is a friend indeed” and you will be surprised by how many people are dealing with the same problems.

Your balance can vary from moderate debts to severe ones. Check the real percentage of your debts and find ways to supplement your income, if needed: a second – or even third – part time job for several weeks of months might help.
But, first of all keep this thought in you mind all day long ( an inhaler in your pocket helps as well): panicking only makes it worse. It definitely won’t improve your capacity of you making money. The solution is easier than you think and far less radical: think, focus, analyse, set up goals and priorities and respect the schedule.

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