Fresh start for finances! Budgeting tips?

posted 2 years ago in Money
Post # 17
235 posts
Helper bee

Is your $150 a month loan payment from a consolidation loan (of all your credit cards?)  or is it combined what you owe for your minimum payment on credit cards?  have you tried applying for 0% interest credit card to transfer your balance?  But if your credit score is bad you may be denied. Also even if you have always made payments on time your credit score can go down if you have a lot of unsecured debt (credit card debt).   Do you still charge/use your cards?  think about having one emergency card (that you cannot use) and basically cut up the rest.  All this would be pointless if you charge up every month, even if you think you have control over it.  Give yourself an allowance per week in cash form and dont allow yourself to go beyond that.  Try and double or triple the minumum payment to the credit cards/loan.  Definitely change your phone plan!  It should be no more than $50.  Put that extra amount towards your loans.  Good luck!

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