With hard work and discipline, you've managed to whittle down your sizable credit card debt to zero. What's the next step? More hard work and discipline. Keep doing what you were doing, because it's working for you.
The principles that allowed you to eliminate your debt established fiscal responsibility and gave you positive momentum. Don't let that momentum slip away. Follow these five steps to keep increasing credit card balances a thing of the past.
Keep the Surplus – Now that you've eliminated your credit card balance, resist the urge to go on a spending spree. Don't settle for merely limiting charges to the amount that you can pay off at the end of the month. Keep your budget steady and spending low so that income continues to exceed expenses. You have better things to do with the surplus.
Build Emergency/Retirement Funds – The first priority with your surplus should be to start an emergency fund that provides a bu...
from MoneyTips https://www.moneytips.com/5-steps-to-take-after-finally-paying-off-your-credit-cards
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