How to lower credit card payments and lower your debt

Today we are looking at ways to get rid of your out debt in 2018. The average U.S household debt is $15,675 in the USA which is unimaginable on a national level. Credit card costs consumers $2,630USD on average annually with an APR of 18%.


When debt starts to add up, it can be overwhelming when thinking of how to clear it.. but it doesn’t have to be.

Anyone can become debt free, but it does take will power and sacrifice. Here are 5 strategies on how to lower your personal debt fast.


When budgeting goes wrong your expenses can be through the roof, unnecessarily. If you create a budget it is easy to see exactly where your money is going every month. Wether it be on mobile phone contracts or nights out, setting a budget can make life a whole lot easier in the long run.

Check out your expenses for last month and you might be surprised with what you see. Discretionary spending is when you buy things you want and don’t necessarily need. This is the easiest money to save because it doesn’t have to spend. Unlike phone bills, which have to get paid.

Increase Your Income

Now you have started budgeting and saving money, the next step is earning money.

Whilst working a full time job earning money on the side can be difficult due to lack of time. But there are some quick methods of earning money by working one hour a day.

Some part time jobs online can be:

  • Virtual Assistant
  • Social Media Influencer
  • Freelancer
  • Blogger

Blogging is arguably the best way to make money online with little time, because you only have to work when its convenient to do so. You are probably thinking how do I make money from blogging?

That’s a fair question, once you begin to write about a niche that is popular people will look at your blog and you can earn advertising revenue. Some bloggers make over $30,000 monthly with their blogs and affiliate marketing.

Stop Using Credit Cards

The most important thing about paying off your debt is that you don’t get into anymore debt. Its best not to shred your credit cards because you may still need them. But you should stop using them for frivolous purchases.

Next time you go shopping or to a night out, leave your credit card at home and that will make you think before swiping.

Credit cards are not your enemy, at least they don’t have to be. By using a credit card you keep yourself safe from identity theft and they enable you to make emergency purchases. Although if you don’t use them responsibly then you are going to bring lots of unwanted stress.

Live Within Your Means

Change your lifestyle. If you don’t change your lifestyle you will find yourself in a cycle of debt repayment and keep making the same mistakes which got you into debt.

Here are some tips:

  • Spend within your means.
  • Buy what you need, not want.
  • Stay focused on paying back the debt
  • Don’t relapse in an impulse buy.

Let us know in the comments if you have paid off your debt and how you achieved it.

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