BENGALURU: Your unmanaged credit card debt will continue to haunt you at every step you take. It may sound like a daunting task, but it can be done with order. According to indiatimes.com, credit cards if used smartly can actually solve your financial needs and relax you with a much-needed breathing space as you manage your money.

Start By Setting A Goal:

It’s very important to establish realistic goals for paying off your high interest credit cards as well as other consumer debt, like vehicle loans. While it is easy to run balances up in a short period of time, it will take time and self discipline to pay them off. Monitor your progress regularly to help you stay on track and motivated to reach your goals.

Put Your Cards in An Idle State:

Always remember, getting out of debt requires taking those credit cards out of your wallet so that you are not tempted to use them. Hence, put them away until you have completely paid off the outstanding balances. Paying for your purchases with cash instead of credit will help you separate needs from your wants and stay conscious about your spending and always think twice before using your credit card every time you go out for shopping.

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