Many Americans have struggled with the burden of credit card debt at one time or another. And getting out of the red and into the black can often seem overwhelming.
If this is any consolation, you're not alone. Credit card debt affects nearly one-third of Americans. At the end of 2010, the average consumer in the U.S. owed $4,200 to credit card companies.
While that number is down slightly from years past, it remains startlingly high. If you are one the millions of Americans burdened by credit cards, here are 10 ways to help you dig yourself out of trouble.
1. Stop Using Your Cards
The first step in ridding yourself of credit card debt is to stop adding to your balance. Credit cards are convenient, but if each purchase is increasing your charged interest, the card isn't worth it. It will be difficult at first, but switching to an all-cash system will help you stay within your monthly budget. Spending with cash is another way to become aware of what you spend so that you can waste less and apply more toward quickly minimizing the balance.
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