How do you get out from debt?
December 9, 2006 9:00pm CST
Life is much harder when you are on debt. How do you get out from debt? Any strategy?
• United States
10 Dec 06
I know some tips, but I never seem to follow them! First off quit charging anything. Either freeze the cards, or lock them away. Out of sight-out of mind. Then pick your highest interest card and pay as much over the minimum as possible. If it makes you feel better, take your lowest balance card and pay it off first. I know I feel like I'm getting somewhere paying lower balances in full..rather than paying the high balance high interest cards. In the end you are better off paying high interest first, but it's a psychological thing.