PAYING CREDIT CARD DEBT

If you are already in credit card debt, don’t worry. Follow these rules to get out of debt, and be patient:

Never forget that even paying down a small portion helps. The more you pay down, the easier it is to pay the rest because there is less interest due each month.

ALWAYS pay more each month on your credit card than what you spend on your credit card. If possible, discontinue using your credit card and start paying for your purchases in cash, and only when you have the money.

Don’t lose site of the big picture. It’s often discouraging because it seems like it will take forever to get out of credit card debt. Don’t get discouraged. Think about how nice it will be to start sending those credit card payments to your savings or brokerage account each month when you're out of credit card debt.

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