Photo Credit: signalfinancialcfu.org
Credit Card Blues
Do yo feel like you are drowning in credit card debt? Can't get ahead?
First step. Stop using your credit cards...for anything... especially anything that is not shelter, basic food needs (not going out), basic clothing, and transportation (fuel and immediate repairs). If you don't really NEED it, don't buy it or charge it.
Don't use the retail store cards anymore. There are no emergencies happening at Macys or Kohls or Nordstrom. These cards have the highest interest rates. Stop giving them your money. Don't be tempted by a really "great deal" and charge it and end up paying twice the amount in interest. Where's the deal in that?
Second step. Get on a spending plan (a budget). This plan will keep you on track with your spending. You have only a certain amount of money coming in each month. You can't spend more than you have. With credit card "spending", it looks like you can, but you can't. And it will catch up to you.
A spending plan can also help you to identify where you can spend less so you can pay off those credit cards fast and help you turn those blues into bliss.
You can master your money... and I can help!
Contact Michelle Serna by filling out the Contact Me form to the right of this post.
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