I was surfing at Bankrate.com and came across advice on how to get your credit cards under control. Out of their six steps, I agree with step one, after that only one, maybe two more of them will actually take care of the credit card problem. The other three steps do not correct the problem, only gets you access to more debt!

The only steps to take are:

1. Stop using credit cards and write down all your debts except your home.
2. Arrange them smallest balance to largest.
3. While making minimum payments on the larger balances, start paying on the first debt until it is gone.
4. Keep the snowball rolling to the next debt and the next. You will start seeing the wins early with the smaller debts and actually get to see some accomplishments.

I cannot express how a budget can change your life and give you a piece of mind that you are in control of your finances.

Labels: Budget, Credit Cards, Debt