Lots of people struggle to save up money and budget properly, and this can quickly result in credit card debt. If you have credit card debt, you’re not alone; credit cards are the most common source of personal debt in the US. This is partially because it is fairly easy for people to get into credit card debt; people can apply for a new card even if they have bad credit, and the high interest rates can make it harder for people to pay off their debt. Thankfully it is entirely possible to clear your debt – you just need to follow three important steps. Here are three tips to help you clear your personal debt.

Assess The Situation
The first thing that you need to do is sit down and calculate exactly how much you owe and who you owe it to. Many people with debt aren’t fully aware of exactly how much they own (plus interest rates), and this makes it easier for them to convince themselves that their debt is manageable. However being aware of your debt will make it seem more real – and it will also be much easier for you to create a realistic repayment plan. Start by adding all of your debt together, including car loans, which are fairly common; in fact, 9% of US homes have auto loan debt.
Identify The Problem
If you are not clearing your debt it is likely that you are not earning enough or not saving enough. This means that you could spend years paying high interest rates without ever clearing your debt, so you need to sit down and really think about why you are struggling to pay off your debt. Maybe you need to save more or reduce your spending, but either way there will be a change that you need to make if you want to start significantly reducing your debt.

Consolidate Your Debts
There are over 1,000 million credit cards in the US, and lots of people have multiple credit cards with different debts on them. This means that people are spending lots of different interest rates, which can be very expensive – but you can take out a personal loan to consolidate your debts, meaning that you only have to make one monthly payment. This makes it easier to pay off your debts, and as you only have to pay interest for one loan it can be much cheaper.

It is entirely possible for you to clear your debt; you just need to create a realistic plan and stay motivated! This will make it much easier for you to reduce your debt with every month.
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This is very enlightening!
Thank you! ☺🌷
Reblogged this on Die Erste Eslarner Zeitung – Aus und über Eslarn, sowie die bayerisch-tschechische Region!.
Thank you so much for sharing my post!
Thanks for the advice!
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Great advice.
Thank you! ☺🌸
If you want to get out of debt, you have to stop using credit. Pay with cash, and invest in deals with compound interest.
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Thank you for the tips! I’m drowning in debt at the moment, so any help is greatly appreciated!
Good luck to you girl, I hope you’ll get out of there very quickly ☺🌷
Nice. Helpful article:)
Thanks!
Thx a lot. I needed this post like yesterday.
You’re very welcome! ☺🌺
Nice info !
Thank you! ☺🌹
Thanks Ula!
useful information. 🙂
Thanks!
great advice!!
Thanks!
Very important advice! I had to really focus on savings and bringing down the student loan amount I had a few years ago!
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Nice post😍 and always you are very on point👑
Thank you girl! ☺🌹
Thanks too💖
Very good tips, thanks for sharing!
Thank you for stopping by girl! ☺🌼
Debt enters one’s life like a needle in one’s body, and exits like a sword from the same!
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Very important tips for making a better life. You are on point, as usual. Good luck!
Thank you!
Less debt equals more peace…in everything…our homes included. Great post.
I agree, thank you! ☺🌷
Good tips! Nice article👍🏻
Thank you! ☺🌹
Great tips girl! Well structured too! 👌🏾
Thank you so much! ☺🌷
21, 537 followers oh my gosh
Celeb 🙏🏻
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Great tips. Debt can be a depressing thing.
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A couple of years ago British TV had a programme ‘How to Pay Off Your Mortgage Now”. Should be interesting I thought. It started off looking at the family expenses. He had to stop his private flying lessons… I know no more as at that point I switched off.
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Thank you so much for sharing my post!
Reblogged this on Random Repeat.
Thank you so much for sharing my post!
Thank you
Good post! Most people have no idea how much they actually owe.
Thank you! ☺🌻
Time to do it👍👍👍
Nice Article
Thank You!
Hey girl! I’ve nominated you for the Mystery Blogger Award. Check it out: https://fearlesslymara.wordpress.com/2018/05/05/the-mystery-blogger-award/
Thank you so much for the nomination girl! ☺🌼
I like how concise and direct you’re tips are. And it helps provide a solution to the problem of debt rather than help the symptoms.
Thank you!
Great post. Thanks for sharing 🙂 I’m Polish, too and I just recently started a blog about finance, saving, etc. How is life in Canada? I’ve always wanted to visit…
Check it out…
http://www.thespunkysaver.com
Thank you! ☺🌹 That’s great and I think you should definitely visit Canada! 😃👍
Seriously such a great post. I recently found myself in this situation while starting a new business and an NGO and become so busy with life and working that I forgot about it, until the collector called … Thanks to this I know what needs to be done!
Thank you for stopping by!
wow so nice. Thanks for sharing this awesome blog
Thank you for stopping by!
I’ll try it and let you know, Thanks MS ULA,
David A Morrow SR.
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