Tiperosity

Tip #5,068

Safeguard your identity by being prepared. Keep a copy of all ID and other cards carried in your wallet/purse in your home safe. You'll be ready with phone numbers and other information if your wallet/purse is stolen or lost.

Tip #7,179 • 1 person found helpful • 1 List

Pay less interest and pay off your debt faster by rounding up your monthly debt payments. If your car payment is $375, pay $400 instead, or more if you can! You can apply the same method to student loans, credit card bills, and your mortgage.

Tip #7,103 • 1 person found helpful • 1 List

Opt for a balance transfer method. Transfer all your outstanding balances from a high-interest credit card to a new credit card with low-interest rate to eliminate debt. Beware of the balance transfer fees, which is often 3% to 5% of the total amount you are transferring.

Tip #7,101 • 1 List

Target one debt first. Pay off the minimum balance on each card first. Focus on one debt at a time. Pay off the credit card that charges the highest interest rate, or make a point to pay off the credit card with the minimal balance first.

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Tip #7,102 • 1 List

Pay a bit more than the minimum payment. Paying only the minimum payment will keep you in debt for a long time. So, what is the solution? Pay a bit more each month. This extra money that you pay over the minimum payment minimizes your balance, which lowers the interest rate.

Tip #7,109 • 2 people found helpful • 1 List

If you want to become debt free soon, then you must cut back your expenses first, especially, unnecessary spending. This may seem a bit restrictive, but remember, this’ll help you to reach your goal.

Tip #7,106 • 1 List

Are you carrying balances on your card from month to month? If yes, then immediately stop using your cards. Don’t pile up balances on your credit cards and avoid embracing more debts.

Tip #7,108 • 1 List

Drafting a perfect budget is the key tip to get rid of credit card debt. Scrutinize your credit card bills and jot down your monthly income and expenses to create a perfect budget.

Tip #7,110 • 1 List

If you are trying really hard to pay off your debts, then go for bankruptcy. It’s a complex option that helps to eliminate debts quickly. But remember, bankruptcy should be your last resort.

Tip #6,426

Keep yourself from increasing your credit card debt by freezing the card in a gallon of water. By the time it thaws, hopefully the urge to buy will be gone.

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Tip #6,477

If you struggle to limit your spending, consider a prepaid credit card where you can only use money you have put on the card. Be sure to first learn about any fees associated with the card.

Tip #5,722

Carry the majority of your cash and credit cards in a front pocket rather than in your wallet to avoid a complete loss in case you are pick pocketed.

Tip #5,679 • 1 person found helpful

When paying off credit card debt, always put any extra money for payment towards the card(s) with the largest APR. Also try to pay more than the minimum payment on all cards.

Tip #5,482

You can opt out of receiving pre-approved credit offers for 5 years by calling 1-888-5-OPT-OUT or you can opt out permanently by visiting https://www.optoutprescreen.com/?rf=t.

Tip #5,240 • 1 person found helpful

If concerned about using a credit card online, look into using prepaid credit cards. You'll first want to check that the online retailer will accept it.

Tip #5,095 • 1 person found helpful

If you're concerned about the safety of shopping online, check into temporary credit card numbers. Offered by banks and other financial institutions, they can only be used for online shopping.

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Tip #5,073 • 6 people found helpful • 1 List

Pre-program the phone numbers for your credit and bank cards in your cell phone for easy access if the cards are lost.

Tip #4,963 • 2 people found helpful

Use caution when considering a credit card balance transfer. Generally payments first go towards the money with the smallest interest rate, while the high interest rate debt is still accruing at the high rate.

Tip #4,882 • 5 people found helpful

Keep track of your debit card balance by updating it on a calendar after making a purchase or deposit. Round purchases up and deposits down for easier math.

Tip #4,706 • 7 people found helpful

Destroy old credit cards by cutting horizontally through your name, the expiration date, and the card numbers. Next, cut the card in half above the numbers, and finally cut vertically into small pieces.

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