Getting Rid of Credit Card Debt During COVID-19 Era
Life is cyclical - finance especially. One of the greatest challenges while pedaling through cycles is staying out of debt while managing through dry seasons. Having multiple streams of income will help. Also, keeping credit card debt out of the equation is huge - crucial - critical - choose whichever dramatic word to make the point. Credit card debt is aweful. Eliminating it is one of the best climbs in the world! Here's some info we've found helpful:
DAVE RAMSEY APPROACH
How Can I Get Rid of My Debt Without Using Debt Reduction Programs?
We’re so glad you asked! You can ditch your debt yourself by following the 7 Baby Steps.
Step 1: Start an Emergency Fund
The first step in Dave Ramsey's 7 step plan is, "Save $1,000 for Your Starter Emergency Fund."
One of the main reasons people struggle with money is because necessary emergency expenses (like medical bills, car bills, or home repairs) come out of nowhere and drag you deeper and deeper...