Let’s face it, dealing with credit card debt can be overwhelming and stressful. Now that you have created a Plan and Goal through UGotiate, hopefully you feel some peace having a strategy to tackle your debt.
Creating the Plan and Goal is your first step. Getting out of debt can be a long process, depending on how much you owe, how much you can afford to put aside each month and your mix of creditors. Your job, your first priority, to get out of debt as soon as possible, must be to save up money as fast as you can. The more you can save each month, the quicker you will be able to resolve your accounts.
Since your job is to save up as much as you can each month, it is best to set up your Contribution Amount to be automatically transferred from your home “operating account” to your Contribution Account. Users that set up automatic transfer, tend to save more money than those who don’t. By setting up the automatic transfer, you don’t have to worry about forgetting to initiate the transfer every month. And, since you are in control of your home operating account and your Contribution Account, should you need to change or stop a transfer one month, you have the ability to do so.