3 years ago, I was in $20,000 of credit card debt. Over the last three years I have paid off about $12,000 of that. I wish I could say that there was some quick fix and that I found a way to be rich on the internet, but that has not been the case. These are the ways that I have helped myself.
1) Created a budget.
2) I put away the credit cards. It was harder than I thought it would be, but ultimately paying cash made sure I didn't overspend and I haven't accrued any new debt.
3) Made sure that I had some money for myself every month. Paying off debt quickly is great, but you can't do nothing, and having some money in your pocket every month for drinks with friends, a movie, dinner out, or something you want makes life better. I work off of the 50-30-20. Since I'm in debt, I use 50% of my paycheck for necessaties, 20% for my monthly fun, and 30% for debt/savings.
4) I took out a loan and consolidated some of my high interest credit card debt, which took my interest rates down.
It is a difficult road and there are no quick fixes, but I have about $7600 left and I'll let you know how it goes.
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