Denton County Living Well Magazine January/February 2019 | Page 23

Here are some thoughts on what you can do: • Create a detailed budget for each month and do not deviate from the plan. Living on a budget is critical to reducing your debt. • Look at your next credit card statement. It will show you how long it will take to pay off the card by making only minimum payments each month. Often, it can take more than a decade depending on how much you owe. Pay off the smallest debt you owe first. Once paid off, take that payment amount and apply it to the next smallest debt, etc. • If you get any extra “unexpected’ money throughout this year, immediately apply it to your debt. It may take some time, effort, and sacrifice but it will be well worth it in the end. We hope these ideas will help you. If we can ever assist you, please give us a call at 940-387-8585. Glen McKenzie is President/CEO of DATCU Credit Union. For more information call 940-387-8585 or go to www.datcu.org. DENTON COUNTY Living Well Magazine | JANUARY/FEBRUARY 2019 21