Summary:

In this episode, I discuss how to get out of credit card debt without feeling overwhelmed. If you're juggling high-interest balances or just feeling stuck, I break down the process into manageable steps to help you move forward with confidence.

Here’s what I recommend:

1. Start by assessing your situation

List all credit card balances, interest rates, and minimum payments. Review your recent spending to understand how the debt built up.

2. Create a plan and set a goal

Choose a realistic timeline, set a monthly payoff target, and break it into smaller milestones to stay motivated.

3. Pick a repayment strategy

Use the Snowball Method to gain momentum by paying off smaller balances first. Or try the Avalanche Method to minimize interest by tackling high-rate cards first.

4. Consider a balance transfer or debt consolidation

These options can lower your interest and simplify payments—just be sure to read all the terms.

5. Cut unnecessary spending and build a budget

Track your income and expenses to stay in control and prioritize debt payoff.

6. Stay consistent and celebrate small wins

Every payment is progress. Recognize your efforts along the way.

Final thoughts: Getting out of credit card debt won’t happen overnight, but it will happen with steady, focused effort. You’ve got the tools, the plan, and the power—now go take that first step!