Before I get to the article for today I want to add to what I said this morning. When you decide to pay off credit card debt, don’t simply focus on making cuts. Since you should have recently reduced your television time, you now have a few extra hours at your disposal. Use this time now to create extra income. Get a part-time job, sell things on Ebay or Craigslist, organize a yard sale or find creative ways to make extra money. Cutting spending and adding extra income will allow you to pay more than you imagined towards your debt!
Back to the lecture at hand…Spending more than you earn usually results in credit card debt, plain and simple. The average household in the U.S. has $15,000 in credit card debt and it restricts your occupational flexibility and it restricts your physical mobility. Both of these restrictions can add to an already stressful situation.
I am here to tell you to start today paying off your credit card debt! Do not delay another day, your debt is looming over your life like a gigantic black cloud and must be acknowledged. It is not going away. Read this story of how this guy paid off $50,000 in 4 years!!