“People end up being trapped in the credit card cycle, where they are constantly catching up,” said Capalad.
Breaking out requires a concerted effort. First step: Curtail new credit card debt.
Shift recurring purchases to a debit card or checking account, she said. Do the same with discretionary purchases that can add up fast, such as ride-sharing or takeout delivery.
Then come up with a plan for tackling your existing debt.
Focusing on your most expensive debts first can …
Read the full article at: https://www.cnbc.com/2017/12/29/emergency-fund-savings-could-help-you-stay-on-track-with-resolutions.html
