Is credit card debt starting to weigh heavily on your finances? For millions of Americans, credit cards have become a financial vice that cripples their ability to make ends meet each month.
I’ll admit, it’s tempting to believe those rewards you’re earning are worth the crazy amounts of money you’re spending (1% cashback is a great deal… Not!). But eventually, all that accumulated, high-interested debt needs to be repaid and it’s not always the easiest hole to climb out of. After all, a card that charges 20% interest on purchases means a $100 purchase will actually cost you $120 in the long-term. If you couldn’t afford the $100 before, you certainly can’t afford the $120.
Paying off credit card debt is never easy but believe me, it’s a worthwhile journey to pursue and the time to start was yesterday. If you find yourself in huge amounts of debt, please do yourself a favor and address the matter today. DO NOT PUT THIS OFF ANY LONGER.
How to Pay Off Credit Card Debt
When it comes to paying off credit card debt, there’s no better way than the debt snowball method: