Sometimes there’s no worse feeling than being in debt, trust me I know. There was a time in my life when I had more credit card debt than my annual salary. It’s definitely not a fun place to be. However the good news is that you don’t have to be there (in debt and stressed) anymore.
Starting to pay off your debt is probably the single best decision you’ll ever make – after deciding not to get into debt in the first place. When you become debt free you’ll be in a more stable financial position, you’ll have a better credit score and you can choose to spend your money in other ways. The downside is that paying off debt can seem like a never-ending process.
The key to paying off your debt as quickly as possible and savings hundreds (or in my case thousands) of dollars in interest charges is to stay motivated. [Read more…]