TNFG Weekly is a dose of my favorite nutritional content and nuggets that’s worth indulging. Sharing Financial Wholeness through Mindset, Articles, Spirituality, Health, Food, Fitness, Books, and etc.

Read the last three chapters:

This week is all about How You Pay Down Credit Card Debt and the strategies that you need to consider. Hey look, it’s also FREE. Don’t go into more debt to learn about paying off debt. That sounds silly. Use free information. Don’t believe the “experts”. You don’t really need them, they need you for income.

Table of Contents

Challenge: Decrease the Problem and Increase Financial Awareness

Show me your credit card statement, I can show you where your priorities went.

To tackle your credit card debt, you need to come to terms with how much you owe.

Grab a sheet of paper and list our all your credit cards.
Go to credit karma or Experian to verify how much you owe and how much credit are you using.
List all credit cards by the highest interest rate, the total amount owed and minimum monthly payments for each card.
Start paying them off more aggressively in that order.
Check out the Free Resources on the website too.

Keep an eye on lower credit card interest rates by your lenders. Additionally, look for $0 fees on credit card transfers with 0% APR for a certain amount of time. Keep increasing your payments as you cut down your expenses. Whatever you want to spend on, can wait.

My Favorite Videos on the topic

Debt Snowball vs Debt Avalanche vs Debt Blizzard | WHICH ONE IS BEST?| Marriage Inside Out

How To Pay Off Debt (Debt Snowball vs Debt Avalanche) | Whiteboard Finance

Read up on My Favorite Finance Articles on the Subject

Debt Payoff Methods: All About the Blizzard Approach (Intuit Mint by Jackie Lam)

Use the Blizzard Method to Pay off Debt Fast (The Five Journeys)

Rich People Already Know How Broke You Are (TNFG Plug)

My Favorite Big Idea: The Three Stages of Failure by James Clear

Stage 1 is a Failure of Tactics. These are HOW mistakes. They occur when you fail to build robust systems, forget to measure carefully, and get lazy with the details. A Failure of Tactics is a failure to execute on a good plan and a clear vision.
Stage 2 is a Failure of Strategy. These are WHAT mistakes. They occur when you follow a strategy that fails to deliver the results you want. You can know why you do the things you do and you can know how to do the work, but still choose the wrong what to make it happen.
Stage 3 is a Failure of Vision. These are WHY mistakes. They occur when you do not set a clear direction for yourself, follow a vision that doesn’t fulfill you, or otherwise fail to understand why you do the things you do.