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Drowning in debt? Tips to help stop credit card spending.

Credit cards vs. debit cards: Which is better and safer?
Posted at 4:33 PM, Jun 26, 2020
and last updated 2020-06-26 16:33:14-04

ORLANDO, Fla. (Ivanhoe Newswire) --Spiders, the Boogeyman, or things that go bump in the night. These are the things that used to scare us when we were kids. But now, for some adults, one of the most terrifying things is opening a very high credit card bill. But don’t fret, here are some ways you can kick your credit cards to the curb until you pay off your debt.

Shoes, clothes, furniture, and more. So many more things to buy now and pay later … all done with a swipe of your card. But how long does it take to pay off all of those purchases?

Credit card holders carry an average revolving balance of more than 6,500 dollars on their credit cards. So how can you stop the spending before it gets out of control?

One way is to make online shopping inconvenient. Opt out of saving your credit information for online stores. The extra step-- putting your credit card in every time can slow you down just enough to question whether you need the item.

Also, think of cash as king. Carry a certain amount of cash so you know exactly how much you’re spending. Question yourself before you make a purchase can ensure that you are not spending the money frivolously.

Ask yourself if the item will add value to your life? And how long will it take you to pay it off?

To stop yourself from using your credit cards, you can also freeze them … literally. Put them in a cup of water in the freezer. Now, when you really want something badly enough, you will have to wait until your card has thawed out.