Credit card formula

I hate to sound like a broken record

I hate to sound like a broken record, but you have to find out where your money goes. You have to separate out what you NEED and what you WANT.


  • Mortgage – $1200 per month
  • Hydro (Electricity) – $80 per month
  • Morning Coffees every day $40 ——– not necessary

I know, I know….. who am I to tell you that you can’t have coffee, but I was blowing over $80 a month on coffee and a juice drink every day.

Then look at how much money you have coming in, and decide on how to get things paid off.

The simple credit card formula is to take the highest interest card, and accelerate your payments on it. When you have it paid off, take the payments you would normally be making on that card and apply them to the next one. Eventually you will get them paid off, but you have to work at it. It’s worked for me. I was able to get rid of 2 so far and my last one is vanishing fast.

Anyways, that will give you something to think about and you can report back.

I suggest to track every penny for 2 weeks to get an idea on where your money goes. That is how I found out what I was spending on morning coffees.