7 Steps for Clearing Out Your Money Clutter – Dealing With Your Credit Cards


The clutter of money is something that few people talk about. Business owners will admit the clutter of paper, the clutter, the mental clutter, but they rarely talk about the clutter of money. It's time for us to do this because it can at least be as disabling for your business as other types of clutter (which you must also handle, by the way!).

Here are 7 steps to help you manage your money clutter, especially in the area of ​​credit cards.

  1. Make a list of all your credit cards. Put the information into an Excel spreadsheet, a Word documentation table, or other easy-to-organize software (or even use paper and pencil!) Simply create a list.
  2. Note the balance due on each card currently.
  3. Write down the closing date of each account (not the due date for each month's bill payment). Note: You can delegate this task to your account clerk or another assistant if you wish, but it is helpful for YOU to make this list and these determinations. business, no?
  4. Put the closing date of each account in your calendar , agenda, ticketing system, or other means that lets you know that your account is now ready to be paid. Note: If all your accounts are set to automatically pay electronically and pay the full amount every month, then you have no reason to worry here. This tip is for the person who can not always pay the full amount each month and therefore waits to see what is owed and how much remains on the account before deciding the amount to be paid. It's clutter, by the way.
  5. Align all of your cards (on your card) so that they are organized according to the one with the lowest balance at the top and the biggest at the bottom. . This should be easy to do by using the sort function in your table or spreadsheet.
  6. If you have a credit card debt that you are unable to repay each month, pay the minimum on all your credit cards. (or other loans) – but that's not all I'm going to say, so keep reading.
  7. Pay as much as possible on the balance of the smallest possible card to pay this one. The idea is that if you have 5 or 10 (or more) credit cards, you want to start paying them one by one until you have more than one or more two major credit cards at work and you pay them completely, each month. Note: When paying any of the credit cards listed at the beginning of your list, stop wearing it. Do not cancel it, just stop having it available to continue adding items.

When you reduce your credit card debt into a reasonable monthly payment, you will significantly reduce the clutter of your money. Test these 7 steps and see what happens to you.

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