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Set a Budget and Stick with It!
Once you have an good idea of what you owe and you were able to see which cards you will be able to transfer into a lower interest card or negotiate a better interest rate with your bank, now is the time to set a good budget and stick with it. This part is crucial as it will help you to gain ground on your credit cards instead of digging a deeper hole. Put together a spreadsheet of all of your expenses and then define what is absolutely needed and what you can live without. Then take the monthly savings and put it towards paying off your credit card debt. You can download a good free budget software here to get started.
l Calculate monthly expenses
l Eliminate expenses you do not need
l Use savings to pay off your credit card debt
l Eliminate expenses you do not need
l Use savings to pay off your credit card debt
