Ways To Get Out Of Credit Card Debt

Ways To Get Out Of Credit Card Debt – This article may contain affiliate links. I can earn money from the companies mentioned in this post at no extra cost. Please read my disclosure policy for more information. All Bible references are from the New King James Version (NKJV) unless otherwise noted in the Bible copyright attribution.

Paying off credit card debt is an important step toward achieving financial freedom. If you have credit card debt, you need to acknowledge it.

Ways To Get Out Of Credit Card Debt

Credit card debt always holds you back. If you don’t pay off that debt, you will become a slave to your credit cards.

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What I said about paying off credit card debt is true. I was a credit card slave.

I opened my first credit card when I turned 18 because I wanted a pair of shoes and didn’t have the money to buy them.

I decided to pay the balance within 90 days so I didn’t get interest. Well, life happened and I didn’t pay off my credit card debt in 90 days. That was the beginning of my credit card enslavement.

I kept credit cards open and thought I would pay them off when I had more money.

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A few years later, I got married and my husband also had credit card debt. His thought process was similar to mine.

The truth is, we were never financially in a place where we could get out of debt quickly. We were starting a family and putting our careers in place. We fell behind on credit card debt.

If what you read sounds familiar, you’re in the right place. My goal is to help you learn how to pay off credit card debt. I am sharing the best way to pay off credit card debt.

We were tempted to use a credit card consolidation service, but didn’t want to risk our future. They say it won’t affect your record, but it’s hard to believe.

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When I was 29, we were over $35,000 in credit card debt. We had 3 children under the age of 4.

Life was busy and expensive. My husband and I worked 40 hours or more a week to pay our bills. We were making minimum payments on our credit cards.

Then in 2008, the Lord took over my heart. The Lord called me in the first place in my life, Jesus (Hebrews 10:25), I should spend more time with him and keep his promises.

After much prayer, we decided to make a big financial change in our lives. For one, I learned to live on one income as a stay-at-home mom.

Pay Off Credit Card Debt

Then he paid off over $55,000 in credit card debt (which is horrible to type), downsized our house, and sold some recreational equipment.

The hardest transition for me was being a stay at home mom, I didn’t think I could do it. But God gave me strength and made a plan for us. We paid off our credit cards in just 3 years.

Through this process, I learned the best way to pay off credit card debt. This was not the case with credit card consolidation. Choosing to change our lifestyle is the secret to paying off credit card debt.

Below are the changes we made to pay off our credit card debt. We don’t have a magical story where we made extra income from a blog or side hustle to pay in 6 months.

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This is the first step to paying off credit card debt. If you do not have a good financial standing, you cannot aim to pay off your debt.

We sat down and counted everything we were paid for each month. We list the borrower, interest, payment date, monthly payment and balance.

If you would like a template for this, you can download a free printable money management template by clicking the link.

Viewing your debts in one place makes paying off your debt easier. Don’t pay your debts. Take ownership and decide to move forward.

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Getting our finances in order has made paying off our credit card debt a reality. He encouraged us to reap the benefits.

After recording our finances, we create a monthly budget. If you want financial freedom, you need to take control of your money.

The only way to do this is to create a monthly budget. There are many ways to organize your monthly budget.

Once we were comfortable with our budget on paper, we moved to a free online budget app. The Budget app allows us to see all of our finances on our phones.

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Creating a plan to pay off your credit card debt is very important. You should choose a method of paying off the debt and stick to it. Seeing results motivates you to pay.

Paying off debt can be emotional and stressful. It is important to understand that you are doing what is best for you when it comes to paying off debt. It was hard, but it’s a blessing to be on the other side now.

We choose the loan repayment method that pays the highest interest rate first. Choose what suits you.

Learn how to pay off credit card debt with your spending habits. If you spend more than you earn, you won’t have enough money to pay off your credit cards.

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We had to downsize in several areas so we had extra money to pay off our cards. It is important to learn the difference between “needs” and “wants”.

In fact, you will have “cravings” every month, and that’s okay. We had to make our “desires” very small, so we chose to eat out after church in our monthly budget. It’s something we enjoy doing as a family.

Look at your budget and make sure you limit your “want” to pay off your credit card.

Saving money can be fun. I challenge myself to save money every month. It’s a great feeling to know that I can save some money here and there. It increases quickly.

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There are many ways to save money. We chose to ditch cable, buy used clothes, and learn how to coupon. These three things save us a lot of money every month.

Living foolishly is not a bad thing. I learned that I should not be cheap. I can set a good budget, spend money, and live a simple life.

Eating at home is a huge money saver. I make dinner every day of the week except Sunday (we eat on Sunday). Planning a weekly meal has helped me a lot.

I have so much to do each day, so planning our meals is so easy. I don’t have to think about what I’m making for dinner every day.

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It also helps you save money on groceries. I save a lot of money because I know what I’m going to get at the store every week.

There are many great ways to earn extra money these days. If you want to pay off your credit card debt faster, you should check out ways to make extra money.

If you’re a stay-at-home mom like me, there are legitimate chores around the house that fit into your schedule.

It is important to know that you should not spoil your family time. Don’t be too busy to spend time with your family.

Ways To Get Out Of Credit Card Debt

Learning how to pay off credit card debt is essential if we are going to walk with Christ. We are called to be good stewards of money (Matthew 25:14-27). Financial freedom keeps us from being slaves to money.

God created us and He tells us that we cannot serve God or money (Matthew 6:24). This does not mean that having money is a bad thing. It is the “love of money” that creates the problem.

If we take money in the place of God, we are in big trouble. Unfortunately, this can happen if we don’t manage money.

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I have a large amount of credit card debt. How can I pay them off and save on my monthly payment?

Unfortunately, I found myself in the position of huge credit card debt. I’m not behind, but I want to find a way to pay them off and if possible save on the monthly payments I’m paying for each one separately.

Thank you for your question. Let’s see how we can help you attack your credit card debt situation. We use

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