How to payoff all my credit card debt by cocakola98

"I decided to stop spending money on frivilous things and used extra cash to payoff my credit card debt."

How I did it: I created a budget listing every bill I pay each month and also paid myself (savings).  I only spent the extra cash that I had and did without.  I used www.bankrate.com to use the payment/payoff calculator to see how much I could realistically afford to pay each month.

Lessons & tips: Create a budget and use a realistic timeline to pay off your debt

Resources: www.bankrate.com for a payoff calculator


 

Oct 19, 2008, 01:54PM PDT | 1 comment


Comments:

maphilbert

Continue to lead the way

You are my inspiration. I decided to use your system because the one I had in place was definitely NOT working. So far I have paid off 4 small but high interest rate cards. Though I don’t see the whole 9 month thing, I can’t wait to have that ‘overjoyed’ feeling!

Oct 20, 2008, 12:50PM PDT | Respond to this 1 cheer


 

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