If I want to lower my debt, then I need to stop using my credit card as much as possible. This means I will need to carry cash on me at all times, but that is probably better than having to pay large amounts for interest every month. If I stop to think about it, buying groceries with my credit card means having to pay more than what I actually need to. I have the cash for it, so why tack on interest by using my credit card?

I have two credit cards, and the other one has a lower interest rate. It is a good idea to move the balance of the more expensive credit card to the less costly one. Of course, I will not use either one until I get the balance to a manageable level.

The next step to lower my debt would be to take note of my expenses. I should keep my receipts and note down everything I spend on. At the end of every month, I will compile everything, and see where I can save a bit of money. I maybe spending too much on ice cream of maybe I need to eat out less. I think I can also cut down on smokes and alcohol; they’re bad for my health anyway.

It says here that my monthly minimum balance to pay is about X dollars. I will not fall into their trap and end up paying them for years to come plus end up paying several times the original price of the items I bought. I want to lower my debt, so I will pay off much more than the minimum balance. It means I will need to skip several treats and more than a few coffees, but I would rather choose that over the alternative. The interest is paid off and a little bit of the principal is paid too if I pay more. Over time, I can whittle my debt down until finally getting rid of credit card debt.

Lastly, to lower my debt, I must be a smart consumer. For the many products I consume, I need to learn to pick cheaper alternatives without sacrificing too much quality. Once I have paid off all my credit card debts, I can go for the better brands, but for now I need to focus on wiping the slate clean. If I work hard on these steps, I doubt I will need any credit card debt assistance at all.