Alright. So, I'm trying to figure out quicker ways to eliminate credit card debt. Does anybody out there have a certain tip or trick that they do?
The majority of my credit card debt is at 0% till july of next year.
I've heard people putting their entire paycheck towards the CC. I'm a little scared to do that just in case i'm in need for actual PHYSICAL cash. Any feedback would be nice 
@zeusta20 wrote:Alright. So, I'm trying to figure out quicker ways to eliminate credit card debt. Does anybody out there have a certain tip or trick that they do?
The majority of my credit card debt is at 0% till july of next year.
I've heard people putting their entire paycheck towards the CC. I'm a little scared to do that just in case i'm in need for actual PHYSICAL cash. Any feedback would be nice
I use the Dave Ramsey "debt snowball effect" if you ever listen to his syndicated radio show or read his book total money make over he lives and dies by this. TBH, it works. I have managed to knock out 3 credit cards this year so far by doing the debt snowball.
What you do is you list out your debts from smallest to largest and you attack your debt in that order. So lets say your smallest ccard debts are $700, $1000, and $1800. and let say you can afford afford $350 a month to knock out the $700. So it will take you two month to ride yourself of that small debt. While you're attacking the small one you make at least the minimum payments on the latter two. As soon as you knock off the $700 in two months move on to the next one and pay the mimimum on the last one until you knock out the sencond one.
This will work if you plan it out and figure out how much actual cash you need to have on hand. This next month will I be knocking off two cards, Amazon Store Card $275 left and my chase freedom $650ish.
@zeusta20 wrote:Alright. So, I'm trying to figure out quicker ways to eliminate credit card debt. Does anybody out there have a certain tip or trick that they do?
The majority of my credit card debt is at 0% till july of next year.
I've heard people putting their entire paycheck towards the CC. I'm a little scared to do that just in case i'm in need for actual PHYSICAL cash. Any feedback would be nice
There are as many systems to rid yourself of debt as there are at winning at craps, blackjack and slot machines. Half say to pay of your highest balances first, and half tell you to pay off your lowest balances first. Honestly, in the long run, if you just pay as much as you can on your cc debt, what else can you be expected to do? The money you make is the money you have to use. No "system" is going to change that. So, do what you can, when you can, as much as you can...anything else is not possible.
@indiolatino61 wrote:
@zeusta20 wrote:Alright. So, I'm trying to figure out quicker ways to eliminate credit card debt. Does anybody out there have a certain tip or trick that they do?
The majority of my credit card debt is at 0% till july of next year.
I've heard people putting their entire paycheck towards the CC. I'm a little scared to do that just in case i'm in need for actual PHYSICAL cash. Any feedback would be nice
There are as many systems to rid yourself of debt as there are at winning at craps, blackjack and slot machines. Half say to pay of your highest balances first, and half tell you to pay off your lowest balances first. Honestly, in the long run, if you just pay as much as you can on your cc debt, what else can you be expected to do? The money you make is the money you have to use. No "system" is going to change that. So, do what you can, when you can, as much as you can...anything else is not possible.
I agree.
As long as your not using the cards after paying on them they will be paid about the same time assuming you have 0% promos in effect.
Have to agree with the Ramey method, he has some great ideas...
I suggest you pay off any card(s) that is/are charging interest (you mention most of your cards are at 0%). Then pay off the card that goes to the highest interest rate at the end of the 0% period. Don't worry about carrying a balance at or less than 9% of your total available limit as long as you're not paying interest. I'm carrying 9k at 0% interest at 10%/available credit... and will continue until I can't find any 0% offers with very low or zero transfer fees. Meanwhile, if you have a card that pays cash rewards, focus on using it for all of your purchases and pay in full every month. In a nutshell, the strategy is to pay as little interest as long as you can while maintaining as high a credit score as is possible.