Credit card debt has left its fingerprint on nearly every human in America. Whether you used your twenties to make some fun and story worthy decisions or had a series of unfortunate incidents, we could all use a little less debt. When looking at your debt, sometimes it can seem daunting; either the final dollar amount or the sheer array of bills. All you need is a plan!
Organize Your Current Budget
Start looking at your current finances and see where you can reprioritize some of your current budget. Some credit card companies categorize your spending, but not all. This is an important task to organize your thoughts and get a hold of the debt monster.
Simplify and Focus
You don’t need to conquer all of them at once. Set yourself reasonable goals such as paying the minimum on all cards, but after reprioritizing your budget, pick one to pay more than the minimum. This way you are making a dent in your debt while not breaking your bank.
After organizing your debt and income, you have the chance to consolidate debt from moving from some of the higher interest cards to a lower interest card. Consolidating debt can also help simplify your bills by giving you less weighing on your head.