Low-Interest Debt Reflection

I had my first credit card when I was in high school, I wasn't expecting to be accepted for the credit card because I haven't really established my credit score yet. When I got my credit card I was really excited and I went shopping every weekend with my friends and went out to eat with them at least once a week. This was the end of the junior year and finals started coming up and I ended up eating out a lot and spending more than I should’ve. Then slowly but surely, throughout the rest of junior and senior I had built up some debt. After high school, I wasn't too bad into debt, but I still had some. Throughout college I had started to gain some debt and before I knew it I was $10,000 into debt. Now that I am out of college this debt is really weighing me …show more content…
I used to pay $70 but now I only pay $20, the downside is that I only get about 12 channels but there is a few that I actually like. Because I decided to make good decisions for the last five years I have finally got out of my $10,000 credit card debt and I'm finally free and I don't have to worry about this burden and I can afford more each month. I think that it is important to reduce high interest debt in a timely fashion because you can reduce the amount of money that you spend each month and you won't have to worry about the credit card company collecting interest from you so you don't have to pay more. I think that the most effective way to reduce the amount of money that you spend each month is to really cut back on your clothing costs, food cost, and even on your fun cost and stay inside on the weekend and just watch tv. I think the three ways that you can make sure that you stay out of that credit card debt is to budget your money, save your money rather than spend it, and to always pay your bills on time. I think that I'm going to ensure that I'm paying the lowest price possible on expenses without sacrificing my enjoyment is by using what I have and saving my