By Lynnette Khalfani-Cox, The Money Coach®
I remember back in 2001 when I had a ton of debt; I’m talking $100,000 in credit card bills alone. I know it sounds awful, and it was. However, in my late 20s and early 30s, I was a classic over-spender who’d been mismanaging credit even though I didn’t realize it.
A quick tip from Lynnette Khalfani-Cox, The Money Coach®
With so many Americans getting into debt, or maxing out their credit cards, you may have asked yourself: Why should I have a credit card at all?
News outlets and credit card companies are quick to label millennials as being credit card-shy. According to a recent survey, millennials apparently fear their credit card debt more than climate change, the threat of war and even death. It may sound like an overreaction, but the underlying trend is substantial: millennials are carrying fewer cards and have lower balances, compared to the previous generation of young adults.
A quick tip from Lynnette Khalfani-Cox, The Money Coach®
If you started 2019 with the intention to get out of debt, you may be bothered to find that some credit card bills are still lingering.
Don’t panic! You can still get on track financially and more quickly eliminate debts. Consider getting rid of your high-rate cards by utilizing balance transfers to a card with a lower interest rate.
It’s easy to accumulate debt without realizing it. If you’re paying high interest rates on your credit cards or loans, consider these options to pay off your debt faster.
Find ways to free up cash in your budget, work to increase your income and look into different ways to pay down your balance. 
Meet the Money Coach
Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, television and radio personality, and the author of numerous books, including the New York Times best-seller “Zero Debt: The Ultimate Guide to Financial Freedom.” Lynnette once had $100,000 in credit card debt, but she paid it all off in three years and turned her financial life around. SchoolsFirst FCU is pleased to partner with her to provide financial education and advice exclusively for our Members. Continue reading
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