A MONEY-SAVING woman has revealed how she managed to pay off her credit card debt whilst working on a minimal wage.
Those with a credit card will know how terrifying it is to wake up one morning and realise you owe the bank a massive sum of money.
TikTok user Chelsea, 28, (@chelseaspursuit) was no different – at the age of 23, she had racked up over £3,000 to pay off.
But despite earning a minimal hourly rate, the young woman, from Vancouver, Canada, was debt-free within a year.
Offering a helping hand to those in a similar situation, Chelsea took to TikTok to reveal how she achieved this – and it's all thanks to six easy tips she stuck to.
Set a goal
According to the money-saving whizz, setting a goal is key.
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''Write down by what date you want it paid off – this really helps to motivate you,'' she urged her 6.3k followers in the video.
Monthly budget
It's tempting to go on a shopping spree the second you get your paycheck.
But as important as it is to treat yourself every once in a while, it's essential to create a budget and stick to it.
This, she explained, should include your spending plan, as well as how much you will be able to contribute to the debt monthtly.
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Put money down
Sharing the money-saving advice, the 28-year-old urged to put down cash every two weeks rather than waiting until the end of the month.
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Stop using credit cards
When trying to work on your debt, it's essential you stop using all of your credit cards – immediately, she added.
''Only use debit or cash while you're on the mission to pay off your credit card debt.''
Cut out unnecessary spending
During this period, saving money is key – so remove any unnecessary expenses where possible.
''Have a frugal mindset. This means no eating out, no Starbucks, no shopping – the list goes on.''
Try to save a small amount
''Even if you're just able to save, let's say, $25 a month (£15), I think it's important to do so.''
She went on to explain: ''Because I feel like it really helps with your overall mindset.''
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