Question: How Do I Start Paying My Credit Card Debt?
Answer: The first step to paying off credit card debt is to create a household budget. You need a budget to help you figure out how much you can afford to spend on credit card repayment each month. Not only that, a budget will help curb overspending that could make it difficult to get out of debt.
Creating a budget is easier than you think. Simply add up all your monthly expenses and subtract it from your income. The remaining amount is what you're able to spend on paying off credit card debt.
Once you've created your budget, the next step is to decide how you want to pay your credit cards. More specifically, which order are you going to pay your credit cards in - highest interest rate first or lowest balance first.
