The Surplus

It is going to require effort and it is not going to adjust its financial situation overnight. But, with effort and persistence, it can undo of the debt in a much more short time than You imagine. Nicolas Keller has similar goals. Step #1 Junte all the credit cards that have and choose one with which wants to be to cancel products that cannot be paid with cash, for example when it makes purchases by Internet. Step #2 Anote everything what that it must by each card, when expires, and what is the interest rate of each. Step #3 Escoja the one that has the smaller value of debt and duplicates the amount of the payment of that card. Soon it tries to pay it as rapidly as possible.

Step #4 When it has paid his first credit card, celebrates its triumph and crtela with scissors never to use it more. Step #5 Soon it chooses the next card with the smaller value and uses the surplus that it has left to have paid the first card to cancel second. It repeats steps 3 and 4 with his remaining cards until it has all paid. It is going to see that there will be an effect of snow ball with each card that trims, since the amount of the payment of the previous debts is going away to be accumulating and will be available to pay the debts of pending cards. Step #6 Evite the impulsivas purchases. It does not go to the supermarket without a list. It compares prices and always it pays everything with cash. Step #7 Use the card that it has left by far well-taken care of. It only makes purchases when You know that you are going to be able to pay the total amount of its purchase at the time of the collection of card, that normally is the next month. It never pays in quotas. Original author and source of the article.