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Why Credit Card Debt is Stubborn and How You Can Get the Best Deal

Credit card debt can be like a two-year-old child – stubborn and unwilling to quiet down when you need it to go away. However, there are certain methods that you can use in order to create a positive situation for yourself financially. Below are a few ways in which you can get the best of credit card debt that is especially stubborn.

1 – Get rid of your store cards.

Store cards are only good in one store, and they also tend to create a need for an individual to purchase from that store. Otherwise, what is the good of having the card at all? Cut it up even if you have not paid off the full balance just so that you will not spend any more nor feel the compunction to just because the card is there.

If you can’t pay off your balance in full, then consider comparing the market for a credit card with a low interest introductory offer. For example, Clydesdale Bank are (at the time of writing) offering one of the best credit card offers with 0% on balance transfers for 16 months. That’s a lot of money saved.

2 – Take a list to the store every time.

A big part of the reason that people lose their budgets is because of impulse buying. One of the biggest reasons for impulse buying is not being fully prepared when a trip to the store is taken.

If you list exactly what you are going to get every time that you go to the store, you will be much less likely to spend your money on impulse items.

Here’s a collection of printable lists on Pinterest. So now you have no excuses.

3 – Set a monthly goal for cutting back on your credit.

Setting a clear goal is the first step to accomplishment. No matter where you are in your financial standing, creating a goal for yourself will help you move in a positive direction.

Many times, people need help in creating goals. This is what professional financial advisors are for. As long as you have a reputable person or firm by your side, you should find it easier to stick to goals that other people hold you accountable to.

4 – Reward yourself somehow for good behavior.

There is no reason that you should take all of the fun out of life just because you are cutting back on credit. Find a way to reward yourself so that you will not miss out on life just because you are balancing your budget. One way that many people do this is to create a long term goal such as a dream car or a boat to purchase with the saved money.