Clear That Credit Card Now!
Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man’s surety. Andrew Jackson, 7th President of the US, 1829-1837
It’s a fact that more and more Australians are sinking under the weight of credit card debt! They are using them to pay for their basic living expenses even their mortgages and it’s a trend that can only end in disaster, pain and plenty of tears.
Credit cards are traps and if you are in a debt trap compliments of credit cards, then the time to act is now. Credit card debt holds you back in so many ways:
- It stops you from saving to your optimum level
- It stops you from enjoying a life free of financial stress
- and It prevents you from moving ahead with sound financial investments.
Put simply, credit card debt will stop you from getting anywhere financially. Take for instance the guy who wants to get into the real estate market as a first home buyer. He is on a six figure income, yet he has an astronomical credit card debt. He discovers that for every $1,000 worth of credit card debt he has, he cannot borrow $5,000. It doesn’t matter if that’s $1,000 of credit card debt OR $1,000 of credit available on his credit card. For every $1,000 of credit a card extends to you, that’s $5,000 less you can borrow on a mortgage.
It makes sense to cut your credit card debt and it makes sense to do it now rather than later. So how do you go about doing it? Here are my recommendations to help you clear your credit cards now:
- Budget effectively: Look at the money coming in each month, and look at your monthly outgoings. Account for every expense you have and ensure the dollars coming in cover it. When you do this, you won’t need credit cards to cover your essential costs.
- Commit to paying the cards out: You know now you don’t need the cards to pay your essential costs.
- Cut your cards up: No more using the cards end of story! Use debit cards because they are funded by your own money.
- Pay more than the minimum amount: Paying the minimum repayment en-sures you stay in debt it is what the credit card companies want you to do. Pay more than the minimum out to clear those cards ASAP!
- Use your savings to pay your cards out: There is no point keeping savings that make you a few percent in interest, when you are paying 16+ percent on credit cards. Use your savings to pay your credit cards out.
- Transfer high interest cards to low interest cards: Research what the low interest cards are and transfer your high interest card debt into low interest cards. Be sure though to cut up the new card when you get it. You are NOT using it, just paying it out.
- Avoid overspending and live within your means: Living beyond your means will always end in the whaling and gnashing of teeth. It’s really not worth it! You can only own so many pairs of shoes, so many polo shirts and so many gadgets. It’s more important to get yourself financial and debt free!
- When shopping, make a list: No more impulse buying! Stick to your list! And avoid shopping centres unless you absolutely must go to get something you NEED!
- Stick to your budget: You can’t go wrong with this!
It may sound like hard work, but it is ALL worth it! A life without credit card debt is possible. You just need to focus and be disciplined. When you are free of credit card debt, you will be able to get on track to enjoying a life of financial independence.
Helpful Tips for You:
- Budget effectively
- Commit to paying the cards out
- Cut your cards up
- Pay more than the minimum amount
- Use savings to pay your cards out
- Transfer high interest cards to low interest ones
- Avoid overspending and live within your means
- When shopping make a list
- Stick to your budget
836 Responses to “Clear That Credit Card Now!”
Leave a Reply
4 Trackbacks
- Homepage
… [Trackback]…
[...] There you will find 31977 more Infos: focusyourmoney.com.au/clear-that-credit-card-now [...]…
- Patrick Miller
Awesome website…
[...]the time to read or visit the content or sites we have linked to below the[...]……
- stephanie reed
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an impatience over that you wish be delivering the following. unwell unquestionably come further for…
- Monster Beats Pro White High Performance Professional Headphones
Hello there, just became alert to your blog through Google, and found that it’s really informative. I’m going to watch out for brussels. I will be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers!…
It’s the best time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I want to suggest you some interesting things or suggestions. Maybe you can write next articles referring to this article. I want to r…
I as well conceive hence , perfectly indited post! .
I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an impatience over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.
Simply wanna comment on few general things, The website design and style is perfect, the content material is really fantastic : D.
Attractive section of content. I just stumbled upon your website and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing to your augment and even I achievement you access consistently quickly.
Really interesting subject, it’s not something I hear a great deal about
Exactly what I was looking for, appreciate it for posting . “Pardon one offense, and you encourage the commission of many.” by Publilius Syrus.
Yes… i also actually like to visit this new place, your idea is excellent
Everyone loves what you guys are up too. Such clever work and coverage! Keep up the excellent works guys I’ve included you guys to blogroll.
I do accept as true with all the ideas you’ve presented to your post. They are very convincing and will certainly work. Still, the posts are very quick for newbies. May just you please prolong them a bit from subsequent time? Thank you for the post.
Sweet weblog! I identified it although browsing on Yahoo News. Do you might have any suggestions on how to get listed in Yahoo News? I’ve been trying for a whilst but I never appear to get there! Thank you
I have been surfing on-line more than 3 hours these days, but I never found any fascinating article like yours. It’s pretty price enough for me. In my view, if all site owners and bloggers made excellent content as you probably did, the web might be a lot more useful than ever before. “Where facts are few, experts are many.” by Donald R. Gannon.
I love this kind of articles and I find amusing, sometimes .. I see that this site is good site
Good day! This is kind of off topic but I need some guidance from an established blog. Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any tips or suggestions? Appreciate it
Very nice post,ty this article really helps to me,thank u
The post is absolutely fantastic! Lots of great information and inspiration, both of which we all need! Also like to admire the time and effort you put into your blog and detailed information you offer! I will bookmark your website!
Thanks for sharing the info. I found the information very helpful. That’s a fantastic post you posted. I will come back to scan some more.
I believe that youtube is a great tool for anyone curious in watching or uploading videos. I have been using the site for years now, and still think it is doing a good job!
Have you ever considered creating an ebook or guest authoring on other websites? I have a blog based upon on the same topics you discuss and would love to have you share some stories/information. I know my audience would value your work. If you are even remotely interested, feel free to shoot me an e-mail.
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your weblog when you could be giving us something informative to read?
Howdy! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!
You got a very excellent website, Gladiola I found it through AOL.
I love Ariel Rebel! I’ll stand on top of a mountain and scream it to the whole world. Inlcuding all of you. So HEAR ME NOW!!!!
I do agree with all of the ideas you have offered to your post. They are very convincing and can definitely work. Nonetheless, the posts are very short for novices. May just you please prolong them a bit from next time? Thanks for the post.
Very nice post. I just stumbled upon your weblog and wanted to say that I’ve truly enjoyed surfing around your blog posts. After all I will be subscribing to your feed and I hope you write again soon!
This page really answered my issue, thanks!
Thank you for that high-quality content.
I do agree with all of the ideas you have presented to your post. They’re really convincing and can definitely work. Nonetheless, the posts are very short for beginners. Could you please extend them a bit from next time? Thanks for the post.
Nice read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch as I found it for him smile Thus let me rephrase that: Thank you for lunch! “We strain to renew our capacity for wonder, to shock ourselves into astonishment once again.” by Shana Alexander.
Utterly composed articles, regards for information. “He who establishes his argument by noise and command shows that his reason is weak.” by Michel de Montaigne.
I truly appreciate this post. I’ve been looking all over for this! Thank God I found it on Bing. You have made my day! Thanks again..
Some really marvellous work on behalf of the owner of this web site, utterly outstanding content material.
I’m under the impression that this is one of the best blogs ever.