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Released: July 01, 2010

Lower your credit card bill fast

Source: Martha White, WalletPop.com

We here at WalletPop have spent plenty of time telling you about the big changes you can make to pare down your credit card debt and live a more financially stable life. While that’s still a good goal, maybe a major lifestyle change isn’t in the cards for you right now. Or maybe you’re already well on your way out of the red (if so, good for you!) .

In either case, there are a handful of things you can still do—right now, with the income and expenses you already have—to shave some weight off that bill when it arrives at the end of the month.

1. Pay what you owe early. If you carry a revolving balance, interest is calculated by the day. If you can manage it, pay the bill as soon as you get it, recommends Natalie Lohrenz, director of counseling at the Consumer Credit Counseling Service of Orange County (Calif.).

2. Leave it at home. We don’t mean forever—this isn’t cold-turkey deprivation we’re talking about. Just take your credit cards out of your purse or wallet for a week to get some insight into how and where you use them, which should tip you off if you’re overspending on day-to-day purchases.

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