1. Set a Goal
Start by Setting a Goal You Can Achieve
It’s important to set realistic goals for yourself, especially when they’re about paying off high interest credit cards or other types of consumer debt (overdrafts, lines of credit, vehicle loans, etc.). Even if that goal is just planning to pay the minimum payment for the near future, that is better than nothing.
While it’s easy to quickly run up balances, it takes time and self-discipline to pay them off and find a strategy for credit card debt paying that works for you. Watch how you’re doing regularly to stay on track and motivated. Make your financial goals S.M.A.R.T. (Specific, Measurable, Attainable, Relevant, and Timely) to keep sight of what you’re aiming for. You can learn more about how to set S.M.A.R.T. financial goals here.
Knowing where you want to end up will make it much easier to figure out what you can do to get there. If you ever feel stuck, one of our certified counsellors would be happy to help.