Cut away at the debt

In order to reduce your debts, make a list of each of your debts. Look for the debts with the highest interest rate. Do not look for the one that has the highest balance. Try paying off those debts that come along with the highest interest rates. These will restrict your increasing on your debts.

If you get hold of some extra money put them along with your repayment amount so you can pay back your debts faster. Target one card at a time and pay off that whole debt on that card.

Cross out those that you have managed to pay back. After all the debts are paid off you can use the money allocated for repayment to build up your savings.

Join the Conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

2 + fourteen =