8/13/2023 0 Comments Budget planner dave ramsey![]() ![]() Start by saving $1,000 as fast as you can. What you need, my friend, is an emergency fund. ![]() Borrowing money for emergencies only leads to more debt and stress. If getting rid of those credit cards freaks you out because you use them “for emergencies,” then it’s time to come up with a new plan. And cut them off-meaning close the dang account. It’s over.” Then take those kitchen scissors and cut them up so you won’t be tempted to swipe them ever again.ĭon’t put them in a block of ice. So, take those cards out of your wallet and tell them, “You’re bad for me, my finances and my future. (Funny how that happens.) It wasn’t until we decided to really take control of our finances and cut up that final credit card that we were truly able to move forward faster than ever. We had that one card we kept around “only for emergencies.” But somehow, every month, that thing ended up with a balance on it that we had to pay off. Because when you cut it out (not just credit cards, but borrowing money in general), you’ll actually reach your money goals faster.įor the longest time, I remember my husband Sam and I weren’t too worried about having credit cards. As a matter of fact, you will live your best life without credit. ![]() Let me repeat that: You can live without credit. Here’s the deal: You can live without credit. And they will only keep pulling you under if you let them. They were the reason you got into this mess in the first place. Just like any toxic relationship in your life, you’ve got to break up with your credit cards. Here are seven steps you can take to start getting rid of credit card debt once and for all.įirst things first. If you’re not careful (and sometimes, even if you are careful), one missed payment can turn into a growing pile of interest and calls from collectors. It’s time to drop it like it’s hot! (Sheesh, people, I’m talking about dropping your debt!) Here’s how to pay off credit card debt fast-one step at a time.ĭebt sucks. I remember when I used to keep my phone on silent and turn it screen-side down so no one saw all the missed calls from credit card companies. Listen, if credit card debt is stopping you from paying your bills or keeping you up at night, I see you. And as of fall 2022, the average credit card debt was $5,910. Right now, America’s credit card debt is sitting at $986 billion. ![]()
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