So I just read this article about tackling credit card debt, and it’s pretty eye-opening. The author gives some solid advice on how to get your finances back on track if you’ve been struggling to stay afloat.
Basically, the main point is that you need to be proactive about paying down your debt. If you’re only making minimum payments, you’re just treading water (and probably getting hit with massive interest charges). Instead, you should try to pay as much as you can each month, even if it means cutting back on other expenses.
One tip I found particularly useful was to focus on paying off your highest interest rate cards first. These are the ones that are costing you the most money in interest charges, so by paying them off first, you’ll save yourself a lot of money in the long run.
Another helpful piece of advice is to consider transferring your balance to a card with a lower interest rate. This can be a great way to save money on interest charges, but make sure you read the fine print and understand any fees associated with the transfer.
Overall, I think this article is really important to read, especially if you’re feeling overwhelmed by credit card debt. It’s never too late to take control of your finances and start making progress towards paying off your debt. So, what are you waiting for? Let’s get to work!