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How can I get a handle on credit card debt?

Credit card debt can get out of hand before you even know it. That's why it's helpful to have a plan of attack in place when attempting to pay down debt and get your life back on track financially. The road ahead is often tough, especially when you're working with a limited income. However, the following tips will help you decrease debt and improve your financial outlook. 

The first thing to do is look at the interest rates for any credit cards you have in your possession. Choose the one with the highest interest and focus your energy on paying that credit card off first. The faster you pay it, the less money you'll be spending on interest. Once it's completely paid off, you can direct money towards other cards and types of debt. Keep in mind that interest can add up quickly, so be careful when shopping around for new cards with high interest rates. 

If your income is insufficient for your needs, consider taking up side jobs. There are numerous ways you can make money in addition to your primary income. Consider having a yard sale or selling some of your belongings online. You can also offer house cleaning or pet sitting services to friends and family until you catch up financially. Expanding your income is a good option when it's available, as it provides more wiggle room when it comes to budgeting.

Of course, you'll also need to cut spending. While you may be dedicated to eliminating debt, keep in mind that an ultra-strict budget can easily backfire. Instead of cutting all non-essential spending, focus your sights on problem areas. For instance, if you frequently purchase coffee in the morning, consider brewing some at home and taking it with you. These little purchases can add up a great deal, and when you take steps to reduce them you'll have more money available for paying down debt.

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