Showing posts from September, 2022

How to Get out of Credit Card Debt By: Greg McKinney Mineola Texas

  The average consumer has an estimated $5,200 in credit card debt. If that sounds like you, know that you aren’t alone. But also know that there are ways to get to of it. The pandemic, loss of employment, and now inflation have made it hard for many households to stay afloat, but with the proper steps, you can get out of credit card debt and into financial security.  Create a Budget   The first step to getting out of credit card debt is to create a budget . You don’t know how much you have to pay toward your debt until you make and use a budget.   It doesn’t have to be anything fancy. Use a spreadsheet, pen, and paper, or a free app like Mint , to create a budget.  A budget is simply a map of your income and expenses. It shows your total income and expenses, how much you spend, and where you should cut back to reach your financial goals.  If a part of your budget isn’t earmarked for savings and credit card debt payoff, it’s time to rework your budget and make both a line i