I used to think that the only way I could ever pay off my credit card would be if I paid off in big chunk sums. I was very greatful to K Rudd when he injected the stimulus package right into my bank account, and every year my tax refund goes on that rotten little piece of plastic.
But I think I’ve been approaching it the wrong way the entire time.
It’s no use paying off lump sums unless you’re also paying off small amounts each week.
Twenty or fifty bucks each week towards your debt can’t hurt, and if you can scrape together some larger payments as well, then you will be on the road to recovery. Here are a couple of things that might help towards a weekly repayment.
Turn it off. Air-conditioning and heating suck big amounts of electricity, and a lot of the time we turn them on because we’re thoughtless. At this point in the year, do you really need AC? Granted, if you’re in Cairns right now, I understand. But if it’s not too hot, why not just open all your windows and let the breeze do the trick?
And when the inevitable Sydney storm hits, why not just pull out the old column heater and heat one room? Or pull out blankets while you’re watching TV? It’s not going to be a huge saving, but it’ll help.
Stay Away From Plans
Mobile phone plans, that is. Phone plans rate only second to credit cards in my Most Hated List. They seem like such a good deal at the time, and you’re never likely to go over the limit of the plan right? Wrong. Of course you will, it’s in the best interest of the phone company that you do. So if you’re nearing the end of your hideous 24 month contract, why not return to the land of prepaid credit? At least you can control your spend, and if you have to go a couple of days without texting, then so be it. Work out how much money you save each week, and put it towards your credit card.
I know it seems like it’s been raining for most of this year, but the respite for s southerners seems to be here, in the mornings at least so why not lose the dryer? It’s not an essential house item, whatever it feels like, and it is killing your electricity bill (let alone the environment). Harness the wonder of the outdoors. If you get used to it, why not sell the dryer and use the profits on your credit card bill?
Spring cleaning might be the ticket to finding an extra 100 dollars to put towards your credit card. Why not collect all the clothes, books, records and furniture you don’t want anymore and have a garage sale? Make sure everything is reasonably priced and put every cent towards you debt. Doesn’t matter if it’s ten bucks, it’s better than nothing.
Cable is something so easy to have, and yet is it really worthwhile? It’s just another monthly expense, for a million channels without all that much to watch. Cancel the cable, and out the monthly charge into your credit card debt instead. Small changes will help you get on top of your credit card in the long run.