This is optimal finance daily episode 1195.

Want to fix your debt?

Do this one thing first.

And give your money a job, both by Don Starks of simple money pro.com. And I'm Dan. Welcome back to

optimal finance daily. I'm your host and narrator here and I'm here every single

day reading to you from some of the best personal finance blogs on the planet.

Today's two posts are from Don Stark's, so without any further ado, let's get right to it

as we start optimizing your life. Want to fix your debt, do this one thing first by Don Starks of Simple Money Pro.

Unfortunately paying off debts once and for all is difficult. The way to achieve

this goal is to find extra money in your budget and systematically apply it to

your debts until all debts are paid off.

This is a simple and unavoidable fact.

However, people have a difficult time following that prescription

because they use credit cards for their expenses.

Continuing to use your credit cards is analogous to digging a hole with one hand

and then tossing dirt back into the hole with the other.

Going cold turkey is one approach.

You simply stop using all forms of credit until you dig yourself out of debt.

Resist the urge. Resisting using credit cards is very difficult for many people,

and just like quitting anything else cold turkey falling off the wagon is easy to do.

So the first thing you should do in your efforts to pay off your debts is this.

Immediately stop using credit cards for your daily and monthly expenses.

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