Credit, Debt Reduction

What To Do After You Pay Off That Credit Card

You have selected and begun to execute your plan for getting out of debt – and you have just paid off that first credit card debt. You are awesome! Paying off that first account is an important milestone.  There’s a tremendous feeling of satisfaction which accompanies the completion of any worthy goal.  Take a while to enjoy the success –…

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Credit

Credit Cards On Pause

When my wife and I decided to get out of debt, we did three things. First, we created a simple to use zero-based budget. Second, we established an emergency fund. Third, we stopped using our credit cards. Essentially, we put them on pause. We didn’t cancel them and we didn’t cut them up.  Instead, we simply stopped using them. Here…

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Credit, Debit Cards

Reduce Credit Card Use

According to this recent L.A. Times report – Consumer borrowing increased at an annual rate of 10% in November,the largest jump in a decade…  Outstanding credit card debt increased 8.5% in November… (emphasis, mine) It appears that folks are using credit cards more than ever – and outstanding balances are increasing. For more than seven years, here’s how I have…

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