illcrew3 wrote:I pay 100 a month on all my cards and when the lowest is paid off I split the 100 i would have spent it to the rest of my cards an so forth. Eventually you can be making 2 3 4 or even 500 dollar payments on 1 card.
kommandant wrote:I'm kind of embarassed to say this, but I bought one of those John Commuta "paying off your debts strategies" DVDs and while it was worthless, it did offer a strategy that worked for me (This was the only worthwhile thing so save your money and don't buy good old John's DVDs. I will sell you mine if you still can't resist:-).It said that the best way was to focus on one credit card (pay the most you can on the one that can be paid off first) and pay minimum payments on all the others. This strategy works and I am now debt free. No credit card debt, cars are paid for and nothing else. All I have is a house payment, cable, internet and utilities. It makes a GIANT difference in the way one sleeps.Another thing that works and I realize that it sounds silly. Take all of your credit cards out of your wallet. Grab them from your wife too. Get two sandwich bags. Put ALL of the cards in bag one and seal it. In bag 2, fill it with water. Put bag 1 into bag 2. Stick both bags in your freezer and leave them there. It is amazing how your attitude at buying something changes in the two or three hours it takes to thaw out the sandwich bags. If you microwave the bags to speed it up, the credit cards will turn to mush. You still have the credit for emergencies, but you aren't using it. I only carry a debit card and it forces me to ask myself this question. How much do I really want to buy this thing-a-ma-jig? Usually in two hours I have at least ten reasons to postpone the purchase.This is a great habit former and it works