Examine your monthly income and expenses. Create a thorough budget to track your spending.
Pay off high-interest credit cards first. Using the "debt avalanche" strategy can save you the most money over time.
Establish a specific goal for when you want to be debt-free. Having a target date can motivate you to stay on track.
Stop using credit cards when paying off debt. This avoids balance accumulation.
Consider shifting high-interest credit card balances to a 0% introductory APR card. Consider balance transfer costs and new card terms.
Find non-essential expenses to minimize or eliminate. Use the savings for credit card payments.
Put any unexpected windfalls, such as tax refunds or work bonuses, toward your credit card debt.
Establish a snowball or avalanche debt repayment strategy and follow it.