Adapted from an article by Leslie Hunt, Bankrate.com
Little things add up fast. Learn from these mistakes and try these tips to start paying off your debt.
Sometimes the only way to stop a snowballing problem is to go back to the top of the hill and find out what started it. If you're up to your eyeballs in credit card debt, take a step back and recount your money missteps. Knowing your weaknesses could help prevent you from falling back into the bad-credit pit and show you a way out. According to Gail Cunningham, vice president of business relations at Consumer Credit Counseling Service of Greater Dallas, a nonprofit financial-management service, consumers mired in debt make common financial blunders, most of which they can prevent with discipline and behavior changes. Learn from these mistakes and start paying off your debt.