When I was working to pay down my credit card debt, I opted to earn more instead of cutting back drastically on my expenses. Part of that equation was where I lived: super whackadoodle expensive Washington, D.C. I couldn’t just pick up and spend money to move to a less expensive place, so I decided the way out was to make as much money as I could. And while I did that, I didn’t stop getting haircuts for $40 a pop. I didn’t quit coffee cold turkey. If I was going to be working a ton, I figured, I may as well have some modern conveniences to keep me motivated.
What debt payoff methods have worked for you?
But for every person who followed steps like mine to pay off debt, there’s someone who put together a completely different set of variables. Maybe you took in a roommate even though you also had a newborn baby. Maybe you joined a carpool even though talking to humans before the stroke of 9 a.m. makes you want to tuck and roll onto the highway at full speed. (We do desperate things when we want to unload a financial burden.)
What strategies have you tried to pay down credit card debt? Did you spend less, earn more, play the balance-transfer game, or do all three? Tell us in the comments. No tactic is too big, small or wacky.