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Credit card debt and credit card usage has become habitual for many people in the west. Even though credit cards have the highest interest rates of all the debts we carry, many of us use them on a regular basis. Because of their convenience and deferred payments, today they are used much more than cash.

Some of us have gotten into financial hardship due to our use of credit cards, even to the extent of having to file for bankruptcy. We hope you are motivated to eliminate any credit card debt you have once you read this article. There are some very simple rules you can use to eliminate this debt.

It is not difficult to eliminate credit card debt but it does require a change of habits, especially spending habits, you may have taken years to build. Eliminating debt is step one and keeping it paid down is a big step two, which should last the rest of your life. The key is to create a doable plan and stick to until your credit card debt is completely paid off.

You have followed your plan and paid off your credit card debt successfully. What do you do now to keep it paid off and not fall back into old spending habits? Remember, there is life after having credit card debt, and it will be much more enjoyable than when you had it.

So, it’s not enough to just pay off your credit card debt. It is equally as important to maintain a debt-free status after you pay off credit card debt; only then can you enjoy a stress-free life in this world of credit cards. Learn your lessons well and do not let yourself loose on the path to another credit card debt.

It has been shown that habits take at least 30 day to change. It should take more than 30 days of different spending and payoff habits to eliminate your credit card debt. The key is to keep these habits up once your debt has been eliminated. Below are simple rules you can utilize to keep your credit card debt down. There are many more but these few can be implemented without too much stress:

1) If you don’t need credit cards close all of them, cut them up and only pay cash. Studies show if you pay cash for everything, you spend a lot less overall period.

2) Only charge when you have absolutely no other alternative.

3) Use your credit cards like a 25 - 30 day interest free loan. Pay it off before just the finance charges kick in.

4) Don’t hold more than 2 credit card accounts (two are enough for anyone).

The advice given above is from the experiences of one who has mastered the usage of credit cards. Credit cards are a wonderful tool if used properly. They can provide us with interest free loans, and offer us a lifestyle we might now otherwise afford. The problem and stress comes when we misuse them. Take the above advice seriously, and use it wisely. Join us in living your life to the fullest and having a Conscious Money Lifestyle.

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