• Stop using plastic until you learn responsible use of credit. Anyone using credit cards should aim at paying each monthly balance in full so no interest accrues.
     
  • Eliminate your car debt. Once you pay the car loan off, keep driving the car while making those car payments to yourself. This way, when it’s time to replace your vehicle you’ll have enough cash set aside to purchase one out right.
     
  • Use the “debt snowball” approach to eliminating your consumer debt. Once you pay one card off, roll that money over to the next debt, which will greatly accelerate your payoff. Keep doing this until all of your debts are eliminated.