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How to pay off credit cards


In this day and age so many of us have racked up insane quantities of debt. In this article you will learn step by step how to get rid of your credit card debt.

Step 1First, you need to STOP using your credit cards. I know it is difficult but take them out of your wallet and put them in a drawer at your desk. Save only one in your wallet for emergencies.




Step 2Next, take a look at all of your credit card statements. Look at APR and the amount to be paid off.



Step 3Then, analyze your monthly budget to figure out how much money you have "left over" after you pay all of your bills and expenses for the month (Rent/mortgage, cable, car payments, phone bill, electricity, car insurance, student loans, gas, groceries and spending money) Once you have figured out how much money what is "left over", after the bills have been paid, you can start to focus on paying off your debt.



Step 4Finally, start to make large payments, with your "left over" money, on the credit card with the highest interest rate. Make minimum payments on the credit cards with lower interest rates. Once you have paid one credit card off, cut it up and move onto the next card.