Credit Card Debt Reduction
Starts in Your Grey Matter

Women everywhere are loaded with credit-card debt, desperate for credit card debt reduction. Do you have at least one credit card with $10,000 or more in credit-card debt? Is your interest rate around the mid to high teens? Congratulations! You are now average! Does it make you feel any better? That's a key law of attraction, healthy positive thinking strategy. Stop beating yourself up. Your goals are to: Reduce the debt (maybe by finding your own Acres of Diamonds), and feel good about your finances again. Then… watch what happens.

Do you have a plan, backed by an effective mental approach? Whatever plan you develop, it has a significantly higher chance of success if you apply healthy mental strategies such as my 2-step law of attraction formula.(1)

Decide exactly what it is you do want.

+ Energize it nonstop by what you think, say and do,

all the while Knowing, having faith, that you will succeed with your credit card debt reduction plan.

10 Best Practices to Ask Your Financial Adviser About. These are a compilation of best practices we researched, and that you will hear from any reputable credit card debt reduction expert. Have a family meeting and brainstorm around the following ideas. Using healthy law of attraction strategies such as getting clear about your goals, you will be debt free. It may take some time, it may be challenging, and yes, you can do it... and the freedom is Oh! So Worth It.

Note: Many women are significantly more comfortable working with a female credit counselor. If that is you, seek one of these professional women out, and get at least 3 references before hiring one. The good feelings you need to move forward with your freedom plan will be easier to generate when you are comfortable with your financial adviser.

Debt can be a good thing… sometimes. Borrowing money for a house, college or a business launch can make sense. If that is your scenario: Decide to only borrow what you can afford to pay back, and shop around for the absolutely best rates you can get.

Some debt is bad. Are you using credit cards to pay for things you consume or use up quickly? Examples are meals and vacations. Can't afford to pay your monthly credit card bill in full within 2 months? That is the fastest way to fall into debt. Worse, as you get deeper into debt, you feel worse about yourself, ultimately attracting more problems, mind body soul.

Are you putting aside some cash each month for the consumables? That way, you could pay the bill in full. Is there something expensive you really want? Save for the required weeks or months instead. This way, you are avoiding interest charges, and develop new thinking patterns – healthy positive thinking that will pay off.

Get a handle on your spending. Women and men often spend thousands without thinking it through. Go into ‘Shutdown Mode’, and do not spend one penny more than you need to for one month. List everything you spend, and at the end of the month, use the surplus towards your credit card debt reduction. Acknowledge the good feelings you experience from that, and repeat.

First, reduce and pay off your highest-rate debts. Which of your loans and credit cards charge the most interest? One of the keys taught by all reputable financial counselors is to first pay down the credit cards with the highest rates. Of course, you always pay the minimum due on all your other debt. Your high-interest debt is paid down? Great! Tackle the next highest, and keep going.

Your Credit Card Debt Reduction Plan will not work if you just pay the minimum. This only covers the interest and does not pay down the principal. It would take even the hardest working woman years to pay off the balance. Plus, you end up paying thousands more than the original amount. You deserve better.

Where are you borrowing? Borrowing against your home or retirement funds to pay off debt can be dangerous. You need to keep a roof over your head and maintain your nest egg.

Credit Card Debt Reduction must Align with Expecting the unexpected. Do you have a cash cushion of three months to six months for living expenses, just in case you have an emergency?

Is paying down your mortgage the best idea? Pouring all your cash into paying off a mortgage, if you have other debt may not be the best plan. If your mortgage has lower interest rates than your other debt, your advisor will counsel you accordingly. Have a mortgage with a high rate? You may want to lower your monthly payments: talk to your bank about refinancing.

Need help for credit card debt reduction? Reputable debt counseling agencies are now accessible in most larger centers. They are expert advisors in debt consolidation, and can help you better manage your finances. Beware of disreputable agencies.

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If you are looking to build your own resource library or treasure chest of helpful healthy positive thinking tools, you may find what you are looking for at our online store, The Law of Attraction Shoppe.