Who says you can’t reduce your credit card debt? Sure, it’s hard, but not impossible. All you have to do is reduce your expenses and control and cut down your shopping sprees. Plan your purchases and spending, and specially plan your debt and how you’ll repay every penny, on time! First thing’s first, you need to stop being lazy and start being active, alert, and aware. There are several easy that you can follow to get to your ultimate goal!

1. Just like being lazy results in fats accumulating in our bodies, so too does credit card debt. As a first step, we need to stop being lazy! Make a proper budget plan and follow it as if it were law. Keep credit card usage to a minimum.

2. After that, determine where you’re wasting most of your money and cut down on those expenses.

3. Then, calculate the amount of money that you can redirect to the payment of your credit card debt, and start with minimum payments plus a little extra i.e. extra 5 or 10% over the minimum amount payable.

4. Step four is being consistent with these payments and in following your budget plan. Make your monthly credit card payments on time and always try to pay more than the minimum amount.

5. Keep an eye on your progress and maintain a detailed record of your transactions and debt to track where you’re headed.

6. Once you’ve repaid all your debt, cancel out all your extra credit cards and just keep one or two for emergencies.

7. The most important step is to stay alert and aware about your financial position and your income vs your expenses.

8. Now that you have some surplus funds, open a savings account and start saving up for rainy days!

Sure, this is easier said than done, but once again, it isn’t impossible. All you need is to be thoroughly consistent, alert and in control! Do that and you’ll be trimming off your debt gradually and you’ll also end up with some fairly decent savings. Just have to make sure that you don’t lose control and don’t end up going on another expensive shopping spree once you’ve cleared out your debt. Credit cards are very useful, but only if used properly. They’re pretty tempting as well, and most of us end up regretting getting them to begin with!