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In aYouTube video, Cruze suggestedthree steps for finally tackling credit card debt.
If youre someone who doesnt closely monitor your finances, credit card debt might seem like an afterthought.
For example, you might not feel your monthly payments hurt your finances or well-being.
Unfortunately, this mindset is a roadblock to becoming debt-free.
Instead, carefully consider how credit card debt has seriously impacted your life.
However, Cruze advised taking the debt snowball approach to increase motivation.
After you pay off the first card, the next one gets the extra payments, and so on.
Cruze suggested additional income options, likeside hustles, to speed up the payoff process.
Cruze recommended having a sinking fund in your budget and contributing money for big expected purchases throughout the year.
For example, you might start saving for holiday gifts in June to have enough cash by November.
This fund can also grow over time.
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