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January 11, 2007
Credit Card Bills Rolling In
Now that the holiday season has come to an end and we are nearly half way through January the credit card bills from the holidays have started to arrive.
Many of my readers have mentioned that they wish they had listened to my advice and not used their credit cards so heavily during the holidays.
If you are in the position where you feel like you are sinking in credit card debt begin now and pay more than your minimum payment. Every extra dollar that you can pay down immediately will be applied directly to the principal balance owing and this will help you get out from under credit card faster.
In order to pay more than the minimum amount you might need to make a few sacrifices such as taking the bus to work. Perhaps you might have to cut back on your entertainment budget. It is important to find ways to come up with extra cash to chip away at your balance owing on your credit card.
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