If you’re spending more of your profits on reducing credit card balances than actually enjoying the money, the obvious solution is to get out of debt. Paying the minimum amount due each month will only keep the percentage rate from accruing. But for those of us who make minimum wage, paying the least amount might be all we can do. Before you contact a few debt relief companies, please understand that we can do the same thing that they handle for us.

Stop debt from leaving any further marks on your pocketbook or wallet by contacting the creditors directly. You’ll find that many creditors will be willing to work with you based on your financial needs. They’ll often be willing to erase late fees and occasionally even one month’s payment to lend a hand. The key factor here is not to drown in debt in the first place. If we’re beginning to fall behind in paying our bills, we should contact our creditors immediately. Sadly however, many consumers choose not to contact their creditors because of the embarrassment and lack of money.

Credit cards are only a convenience for those of us who pay the balance in full every month- or at least a decent payment well over the minimum amount. If after you’ve paid your bills and you have a savings cushion available, feel free to buy that special black dress you’ve had your eyes on. Remember not to drool and by all means use cash. Cut up the credit cards, so you’re no longer tempted to use them. Nothing looks as good as profits feel.

We need to realize that if we buy things we truly can’t afford, we might be left with nothing. This is especially true if the creditor comes to pick up merchandise that hasn’t been paid for in the past few months. More importantly, think of the consequences the next time you consider applying for a credit card.