How large is your credit card debt? If you're anything like the average household, that number is probably bigger than you would like. For those with credit card debt, the average debt is almost $16,000 per household. The total credit card debt in the United States is approaching $800 billion! These somber statistics point toward an even sadder reality: too many people - maybe even you - feel like a slave to their debt. Credit card debt can be crushing to your soul and your family's finances. Imagine for a moment what it would be like to be rid of your debt…

1. HOW YOU CAN PAY
OFF $20,000 IN
CREDIT CARD
DEBT IN 5 YEARS

2. Average debt is nearly $16,000 dollars per household.
United States credit card debt is approaching $800 billion.
Credit card debt may be crushing your soul as well as your family
finances.

3. HOW WILL YOUR LIFE
CHANGE?
Imagine for a moment what it would be like to be rid of
your debt…

4. YOU COULD…
Keep additional dollars in your
pocket every single month.
Retire sooner than you could
before.
Enjoy greater ease in paying bills.

5. YOU COULD…
Enjoy improvements
in your credit rating.
Sleep better at night.
Take vacations, start a business…
→ Do many things you’ve only
dreamed about!

6. GET YOUR
INFORMATION
TOGETHER
Keep in mind that following nearly any plan is much
better than failing to follow the best plan.

7. LOCATE THE
FOLLOWING
INFORMATION…
Total
balance
Interest
rate

8. CALCULATE YOUR INTEREST
PAYMENT…
New / Current
Balance
Multiply by APR
Divide by 12

9. ADD INTEREST PAYMENTS…
Take interest payment for each credit card
Add these numbers together to see what you
must pay monthly.
This amount only prevents your debt from
growing larger – it does not reduce it.

10. CALCULATE PRINCIPAL
PAYMENT…
Total Debt
Divide by
# of years
Divide by 12

11. TOTAL MONTHLY DEBT PAYMENT
Interest
Payment
Principal
Payment
Total
Payment

12. MAKE A PLANControl yourself if you want to free yourself.

13. THE EVEN PLAN
• This plan pays an even amount to each
credit card.
• Divide total monthly payment by number
of credit cards.
• Ensure both interest and principal
payments are included.

14. THE SNOWBALL PLAN
• Begin with the card with the smallest
balance.
• Pay this card off before moving to the next.
• Build momentum as you pay off each card.
• You’ll feel more accomplished with this
payment plan.

15. THE SMART PLAN
• With this plan, you pay the least amount of
interest.
• Target the highest interest rate debt first.
• Go from highest to lowest in terms of APR.

16. WHERE CAN I GET
MONEY?
Reflect on your own lifestyle.

17. ADDITIONAL SOURCES OF INCOME…
Part-time
jobs
Tutoring
Freelance
work
Craigslist
Selling
items
Fiverr.com
Gigs and
services
Temp jobs

18. CONSIDER SPENDING LESS…
Carpool
Brownbag
lunch
Eliminate
cable
Rent movies Brew coffee What else?

19. ADDITIONAL
TIPS
Keep an open mind and your end goal in sight. it will
be here before you know it!

20. THESE ACTIONS WILL HELP…
Get a lower
interest rate.
Shop for
0% APR
balance
transfers.
Find cards
with lower
fees.

21. THESE ACTIONS WILL HELP…
Make
payments on
time.
Avoid
creating
new debt.
Track your
progress.

22. YOU CAN DO
THIS!
Consistent progress
– even if that progress is small –
is powerful.

23. All you need is a plan and the determination to follow through.
Choose one of these three plans and make a real effort
to stick with it.
It can take time, but eliminating credit card debt is well worth the
effort.

24. We hope you enjoyed your Special Report!
Curtis Roese is an experienced professional with extensive experience in
personal finance and small business matters. Curtis writes and
publishes articles, courses, guides and special reports on his personal
finance blog.
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