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Q:
Paying our debt drains our monthly income so therefore, we end up having to charge on the credit card. Any suggestions?

We have a $9,000 balance on our credit card, which we've never had before. The problem is I always try to pay $1,000 on it every month, but in so doing it drains our monthly income so therefore, we end up having to charge on the credit card. Any suggestions? -Ken

Ken,

Your intentions are great, but perhaps you are setting your sights too high. It is very, very important for any financial goal to be realistic.

Next month, send a smaller amount ($800 for example) and see if you make it without relying on credit. If this does not work, keep inching downward until you find that comfort zone. With commitment as strong as yours, I am sure you will be out of debt before long!

Good luck,

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