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Step 1: Make all your minimum payments · Step 2: Build up a cash buffer · Step 3: Capture the full employer match · Step 4: Pay off any credit card debt · Step 5. The 3 most common credit card payoff strategies · 1. Paying only the minimum · 2. Paying more than the minimum · 3. Using a balance transfer credit card. Remember to be in communication with your financial institution about your debt. They may have other opportunities you can use to help pay down outstanding card. No investment strategy pays off as well as, or with less risk than, eliminating high interest debt. Most credit cards charge high interest rates -- as much. Pay as much as you can each month If you can make higher repayments each month, you will pay off the debt faster and save money. Work out the fastest way to.
Start with the 50/30/20 rule · Create a list of your debts. Record all your debts, including credit cards, personal loans, student loans, and auto loans. · Pay. Limit credit card use. · Use a card with no balance for normal purchases. · Open a Huntington Checking Account · Budget more for paying off debt. · Make extra.