How I did it in 6 month?

I've set some rules & extra works for myself.

1. Pay off fixed amount from my salary, I've decided to take 500 from my salary (made me suffer abit, have to adjust my lifestyle abit). This is also to stop the bank to charge me high interest, at least I've pay for the min. payment in case my other plans don't work.
: 500 x 6months = 3,000

2. Extra work for extra income, I've did some freelance work for my friends, ex-colleagues & whoever I know that need my expertized skills
: 200 x 6months = 1,200

3. Internet business, I buy and sell goods in the internet market likes ebay. I didn't set my profit margin too high, only around 10%. That lead me more sales due to lower price, so that frequency of buy&sell in a month gets more
: 300 x 6months =1,800

4. Investment Dividend, I've did some sharemarket & gold investment (only small time)
: 50 x 6months = 300

Within 6 months, I've made up 3,000+1,200+1,800+300 = 6,800. Well, my debts are almost cleared after the 6th month, I am lighter! Now, I pay off all my credit card debts MONTHLY, I cleared it every end of the month! I am still continue doing some of the aboves as I see it is working well for me. And I have a bigger PLAN for myself, my life...

Hope, if any of you out there having similar problem that I had, can be sorted out ASAP. Remember, "Nothing is impossible, only U think it is".

Credit Card Debts Cleared in 6 months

Recently, I was in deep debts with my credit cards.
Total Number of Credit Card : 3
Total Debts : More than 7,000

I was desparate to clear all those credit card debts as they are eating up my incomes by charging those avoidable interest charges. 18% ~ 15% p.a. So, I started to look into it.

And now 6 months later, I am proud to say "I did it!".
It was not easy, because I need to count & count and control my spendings.
I will let you know how I did, soon.

Discover Credit Card

First Credit Card

A credit card is a system of payment named after the small plastic card issued to users. Issuer (financial firm) lends money to the consumer (or the user), a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged, but because of competition between the issuers, the customer (or the user) will have 0 interest charged if the balance is cleared within 30 days from the day of the transaction (a.k.a. Grace Period) and other benefits when using the credit card, such as free travel insurance, reward points, free gift and etc. Most credit cards are the same shape and size, as specified by the ISO 7810 standard.

Picture of Credit Cards

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