5 Reward Credit Cards You Need to Consider 5 Unique Ways to Show Appreciation to Employees The Most Common Franchise Mistakes and How-to Avoid Them 4 Ways to Choose What Type of Marijuana You Want 3 Reasons Water Treatment is Essential to the Oil and Gas Industry 6 Reasons Why Brain Training Works at Any Age 5 Reasons to Invest in a Yeti Cooler 6 Things to Look for in a Fitness Club 7 Simple Questions to Ask When Choosing a Credit Card 4 Reasons to Use a Portable Storage Unit for a Move 5 Tips When Looking for a New Job 5 Critical Things to Know When Relocating Your Business 3 Benefits of Buying a Lakefront Property 5 Simple Ways to Reduce Your Credit Card Debt 4 Reasons to Switch to LED Bulbs 5 Must Have’s to Take With You On a Camping Trip 3 Benefits a Company Gains from Architectural Glass 5 Major Benefits to Gain from Hiring Professional Movers How to Keep Your Roof in Good Condition: Tips and Tricks How to Keep Your Laundromat Running Smoothly 6 Important Questions to Ask When Choosing a Plastic Surgeon How to Choose the Perfect Fishing Line: 5 Tips Top Loan Options for Young Adults The Importance of Signage in the Business World How-to Make the Best Out of Your Yacht Experience How to Select the Best Car Rental Service for Your Vacation How to Get the Most Out of Your Checking Account How to Create a Small Business Disaster Recovery Plan Five Reasons Why Donations Change Lives Five Reasons Distractions Impact Your Child’s Learning Five Important Questions to Ask About Hospital Care Common Loan Mistakes to Avoid in 2016 9 Simple Ways to Lower Work-Related Back Pain 7 Collecting Lessons from Old School Cigar Collectors 7 Bridal Styles to Look Out for in 2016 6 Specialty Burgers You Need to Try Before You Die 6 Outfit Ideas to Wear on the First Date 6 Creative Ways to Change Up Your Workout Routine 4 Tips For Choosing The Right Supplements For You 3 Advantages of Power Pick Global Software 5 Ways To Improve Your Energy Efficiency in Your Crawlspace 5 Things To Look For In A Vacation Rental Home 5 Savvy Ways to Save Money with Wholesale 5 Savvy Solutions for securing more Business Sales 5 Reasons your Business Needs Full Color Printing 5 Killer 3D Printing Ideas for The Future 4 Wardrobe Essentials to Have This Winter Season 3 Major Benefits to Gain from Whiteboards in Classrooms 3 Major Benefits to Gain from Reloading Ammo 5 Reasons you should use a Loan for Start-up Capital 5 Reasons 3D Glasses Enhance the Movie Experience 5 Negotiation Tactics that will Raise Your Bargaining Power 5 Common Dental Mistakes to Avoid 4 Benefits of a Dedicated Child Care Center 3 Ways Telecommunications Has Improved Society 5 Meaningful Gifts to Give to Any Serviceman 5 Hacks to Update your Home with Faux Stone 3 Tips to Making the Best of Your Vacation 4 Important Things to Do Before Selling Your Old Phone 5 Creative Ideas that Inspire Children to Recycle 4 Benefits of Installing a Security System Today 3 Major Questions to Ask in a Divorce Consultation 5 Times You Need To Relinquish Control In Your Life 5 Ideas for Decorating for Your Wedding On A Budget 5 Baby Items To Always Purchase Used 4 Tips For a Successful Fishing Trip 3 Simple Ways to Make Your Home More Handicap Accessible 5 Important Elements Every Weight Loss Goal Needs 4 Reasons to Have a Psychic Reading How to Protect Your Rights in a Personal Injury Accident
images (11)

5 Simple Ways to Reduce Your Credit Card Debt

Whether you’ve made a new year’s resolution to get your credit in order or simply want to create a better financial plan for yourself overall, there are a few ways you can reduce your credit card debt. Making some simple adjustments to your finances can get you on the road to better credit and financial stability so you can accomplish more of your goals.

Get Organized

First, you’ll need to make a detailed list of the credit cards you have and how much you owe on each card. Be sure to write down the APR for each card as well. You can use an online credit card repayment calculator to determine how much you can pay on each credit card each month.

Determine Your Budget

Look for practical ways to reduce the amount you spend each month so you can put that money toward your credit card bills. Whether you decide to shop for generic brands at the grocery store or refraining from going shoe shopping for a few months, figure out how you can set aside a substantial amount of money to take care of your debt.

Reduce Your APR

If you have credit cards with a high APR, there are ways to lower the APR so you don’t spend too much money on interest. Call your credit card company or bank and inquire about how to make your APR lower. If the bank or credit card company doesn’t agree to change your rate, you can transfer your credit card debt to a balance transfer card. Just make sure that balance transfer card has a 0% APR initially. It’s also important to make sure that the card accepts balance transfers at no charge. Make sure that you can pay most of your debt off before the initial offer for the balance transfer card expires.

Pay More Than the Minimum

Even if you’re paying an extra $5 or $10 per month on your credit card bill, make sure that you’re paying more than the minimum balance. Each month, check your statement to determine how much you’ll need to pay monthly to reduce the time it will take to pay off your debt.

Stop Using Your Card

If you find that you use the credit card too much and don’t budget accurately when making credit card purchases, start using cash for your purchases. Reserve your credit card for emergencies only. Using cash will help you see exactly how much you’re spending and making cash purchases means you won’t have to pay interest. Once you trust yourself more with your money management, you can start incorporating your credit card back into your spending little by little.

2016 Kickercon News Blog