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Re: Any Advice About Credit Card Debt?
speedy, now's the time to open up a saving account or at least portion off a percentage of your checking account as "off limits" money. If you live paycheck to paycheck, then determine that a certain percentage of that paycheck goes to the savings account/checking account and isn't touched. In other words, if your paycheck is $1000, then train your mind to think that you only have $900 to spend until the next check because $100 of that belongs to savings. Beleive me, within a year your savings account will have enough money in it to help cover "emergencies" or at least partially cover them.
As corny as it sounds, a "loose change jar" is great too. At the end of the day, I toss whatever loose change I have into a box. I only carry $1.00 worth of loose change: 2 quarters, 3 dimes, 3 nickels and 5 pennies. After 6 months, I have enough loose change to roll and deposit into my bank account.
And as Perry said, now's the time to cut out the extras because it's most likely the extras that helped to get you into debt in the first place. Only buy what you can afford at any one given time. So start using cash or checks to pay for items. It's a real savings motivator when you only have $20.00 in your wallet to spend.
speedy, now's the time to open up a saving account or at least portion off a percentage of your checking account as "off limits" money. If you live paycheck to paycheck, then determine that a certain percentage of that paycheck goes to the savings account/checking account and isn't touched. In other words, if your paycheck is $1000, then train your mind to think that you only have $900 to spend until the next check because $100 of that belongs to savings. Beleive me, within a year your savings account will have enough money in it to help cover "emergencies" or at least partially cover them.
As corny as it sounds, a "loose change jar" is great too. At the end of the day, I toss whatever loose change I have into a box. I only carry $1.00 worth of loose change: 2 quarters, 3 dimes, 3 nickels and 5 pennies. After 6 months, I have enough loose change to roll and deposit into my bank account.
And as Perry said, now's the time to cut out the extras because it's most likely the extras that helped to get you into debt in the first place. Only buy what you can afford at any one given time. So start using cash or checks to pay for items. It's a real savings motivator when you only have $20.00 in your wallet to spend.
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