How I Eliminate My Credit Card Debts
Want to know how I eliminate my credit card debts? Read on.
Years back at one time maximum I owned 5 credit cards!!! The debts that I accumulated were so huge that every month all my salary went into paying them instead of going into my saving.
I had a ‘wealthy' lifestyle then. Why not? I can slash my card now and pay later. That was my naïve thinking.
Until one day I say to myself "I gotta stop using credit cards or else I won't save at all".
I start by canceling 3 of my 5 credit cars. I keep 2 of the best credit cards based on the privileges the credit cards offer such as annual fee waived, lower interest rate and points accumulation.
Next I stop using these 2 credit cards for a period of time until all my old debts are paid off. It was very difficult at first. The temptation to buy was there and I tried to keep to my own words. To stop my buying temptation, I keep both my credit cards at home. I bring only a small amount of cash with me.
6 months later, I was so happy with my achievement. I was DEBT-FREE!!! Yippee!
Now I have 2 of my best credit cards in my purse but I rarely use them. It's all about self-control and asking yourself whether it's worth what you're buying. Whether you'll really be using the stuff you buy. Oh yes and I get to save now. :)