5 Easy Steps to Getting Out of Credit Card Debt and Finding the Down Payment Money for Your New Home.

5 Easy Steps to Getting Out of Credit Card Debt and Finding the Down Payment Money for Your New Home.

1) Make a list of all your credit cards, with the balances, and list the interest rate next to it. You can put it on a spread sheet and track it each month. 2) Stop using your credit card. Give yourself a cash allowance each week. Try not to spend as much as you did with your credit card. 3) Save money wherever you can. Make your own coffee and take it with you, and make your lunch. Right there you will save a lot of money each week. You will think of other ways to save money that you can use to pay down your credit card bill. Save on gas- carpool, bicycle or walk, electricity-turn off lights and fans when you leave the room, Put your computer, printer, etc. on a power strip and turn it off at night, meals – make your own, don’t buy food in boxes, cans or bags, buy fresh vegetables, fruits and meat, buy store brands whenever possible, don’t buy junk food, entertainment- rent the movie instead of going to the movie, have friends over (BYOB -bring your own drinks and a snack to share) to play cards and board games instead of going out to clubs, etc., etc., etc. Track how much money you save on these things. 4) Start with the highest interest rate credit card, and pay as much as you can extra to that credit card each month, while paying the minimum on all the rest. Once it is paid off, do that with the next highest interest rate, and so on until they are all paid off. Once you get into this, it will go faster and faster. That’s why it is fun to track it. 5) Sell some of your stuff you don’t use anymore to get more money to pay down your credit card. Look through your garage, attic, and closets. If you are not using it, turn it into cash. Have a yard sale, find swap meets, Internet sites- Craigslist.com, Bookoo.com, etc., and local stores that take consignments. You have a fortune in stuff, clothes, shoes, furniture, pictures, decorating items, games, movies, jewelry, etc. you are not using. Turn it into cash. In a very short time you will be credit card debt free!!! Now you can start putting the money you save on credit card bills in your savings account, and before you know it you will be calling me to help you buy your new home…. I am waiting. For more information please contact Dee Smith at 813-714-9737(cell) or 813-995-2322 or deesmith@deesmith.com