7 Steps To Beat The Summer Debt Bulge
By Andrea Woroch
Have you spent too much on vacations, dining out, or entertainment this summer? Follow these seven simple steps to get your finances back on track and pay down your debt faster.
If you're scared to look at your credit card bill and bank statements, there's a good chance you went overboard over the summer. However, the "out of sight, out of mind" way of thinking has serious financial implications. If you're only making minimum payments on any debt you've accrued during this time, the faster you face reality, the faster you can make a plan to get back on track.
Set a goal based on how much debt you need to pay off or how much cash you need to add back to your savings fund, and use a debt repayment app like Debt Free or a finance tracking app like Mint to help you stay motivated.
A thirty-day, no-spend challenge is a great way to de...
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