ADD ADHD Help -- Dana Rayburn ADD ADHD Coach

Four Steps for Slashing Your Credit Card Debt
By Dana Rayburn, Adult ADD Coach

It's amazing how easy it is to pull out that credit card and impulsively buy whatever you want...until the bills and debt start to pile up!

What is it costing you emotionally and physically to carry large amounts of debt?

What opportunities could you take advantage of if you could spend that money on something other than credit card payments each month?

If you are committed to getting out of debt, here is an easy-to-apply plan to help you out.

1. Cut up all your credit cards, except for one or two. Promise that each month you'll pay off any new charges you add to the card(s) you're keeping.

2. Figure out how to come up with $150 extra per month to put towards your debt. This extra cash is key to achieving your aim. Be creative in cutting non-essential purchases or increasing your income.

3. Apply the additional $150 to the monthly payment of only one of your credit cards. You will now pay the minimum plus the $150 on that one card. Pay only the minimum amount due on all your other credit cards. Often people try to pay a little extra each month on all their cards only to end up surprised that those cards never get paid off.

4. Once the first card is paid off, apply the total amount you were paying each month on that card to the minimum payment on your next card. You are now paying the minimum amount due on the second card plus the total monthly payment you were paying on your first card. Continue this process with all your credit cards and debt such as store charges. As you pay off each debt, the monthly amount you are paying snowballs. As you pay off a card you've cut up, be sure to close the account.

Follow this structured approach and you'll be amazed at how you finally are able to become debt-free. Thanks to Robert Kiyosaki's "The Cashflow Quadrant" for this idea.

*** The Fine Print ***

Published by Dana Rayburn, Copyright 2008, all rights reserved.

Permission is granted to forward or post this content in full for use in a not-for-profit format, as long as this copyright notice and full information about the author, Dana Rayburn, is attached intact. If any other use is desired, permission in writing is required. Questions? Contact Dana

*** About Coach Dana ***
Dana Rayburn, A. C. T., is a life success coach with an international practice who helps people reach their goals and create the incredible life they have always wanted. Most of her clients are business owners or professionals who want to live more easily with AD/HD, get organized so they can stay organized and/or embark on a rewarding path of personal development.

Dana's coaching career began in 1998, evolving from nearly eight years as a professional organizer, popular for innovative and practical ways of conquering clutter and creating easy to use organizing systems. Prior to that she spent eight years as a corporate systems analyst and strategic planner. She is a graduate of Coach U and the Optimal Functioning Institute's training for ADD coaches and is affiliated with ADDA, CHADD, the ADD Professionals chat group, Coachville and the International Coach
Federation.

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