home loan finance blog
Often enough, I find that people want real, working solutions to pay off their credit card debt in a really easy, 5th grader level technique. And it is quite amazing to note that many sites over the net are just doing the opposite. That is why, I decided to get this thing done… release some ‘top-notch’ but ‘under-used’ techniques that can easily reduce your credit card debt.
Tactic #1
This goes like this: KNOW THY STRATEGY.
We, in the search for answers, actually stumble upon lots of credit card debt reduction strategy, but do not use them all consistently. I know that you’ve (by now) come across about a dozen or so credit card debt reduction strategies that might have actually reduced your credit card debt. However, you still have that debt hanging (or you wouldn’t be reading this right now!)
Now, if you had come across such strategies, you would have even tried some of them. At least one of them. Then why is it that you have still not eliminated your credit card debt? It’s quite simple. You have not used them consistently, or tracked them consistently or found out ‘your strategy’.
That means, what you have to actually do is:
1. Use The Strategies You Know
2. Track Their Performances For You
3. Select The Winners And Dump The Losers
See? That’s all that you’ve got to perform. Fine. I will disclose and agree that it might not be as easy as it sounds or as I made it look. But compared to what you are trying to do, this might be far far far far better! Then why not shift to this?
1. Use The Strategies You Know
This is easy. All you have to do is, start using the credit card debt reduction strategies that you’ve been learning and use them consistently. Why? Because in the next step you have to track them and if you have to track their performances you have to (compulsorily) use these strategies consistently.
2. Track Their Performances
Now that you have been using some credit card debt reduction strategies, you will know which ones performed well for you and which were mega flops. You can easily identify the winners and the losers. That’s what the next step is about.
3. Select The Winners And Dump The Losers
Once you have selected the winners and dumped the losers, you have to start using the winners more vigorously. This you can do easily, because now you have lots of time left over from the dumped strategies! So go ahead, use up all the winners till you pay off your credit card debt!
Let me say this again – although it is NOT definitely as easy as it sounds, it is easier than what a million other books and programs ask you to do! Go ahead. Do it. And you will curse yourself for not having found out this simple but effective credit card debt reduction strategy yourself!
Good luck!