Do you make only the minimum payment each month? If you’re charging more than you’re paying, this is a clear signal to rein in those purchases. Go through your last year’s credit card statements and make a pencil mark next to those purchases you didn’t need to make. Add it up. This amount can be shocking. Resolve to purchase only necessities with your credit card. Pay cash for unnecessary purchases. Start paying that card down, as much as you can manage each month. Your cost of living is not going to go down. Credit card interest accumulates at an alarming rate. What’s your credit card balance? The average American’s credit card debt is a whopping $7,000.

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