2010 Frugal Living Guide
Examining debt
smart spending
5 ways to cut credit cards from your life

Examine your credit card use
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Examine your credit card use

Getting a handle on your spending to achieve a more frugal lifestyle often involves taking the difficult step of examining your credit card use.

Some folks need to cut back. Others have realized they must completely stop using their credit cards.

"Many people have identified that they're spending more than 100 percent of their income, and they're subsidizing those expenditures with their credit card," says Mechel Glass, director of education for CredAbility, a national nonprofit credit counseling and education agency in Atlanta.

There are a variety of steps you can take to cut credit card usage, but it takes some research to find one that's right for you. If you try one or more of these, you can expect to save money by not spending on your credit cards.


 

 

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