Money issues and credit card debt can be a big source of stress in someone's life.
There are some questions you can ask yourself to see if you might be getting into credit card trouble:
Are you're transferring credit card balances just to avoid having to make a payment or skipping one credit card bill to pay another?
Do you avoid or ignore your credit card bills?
Are you using credit cards to buy expensive items you otherwise could not afford?
Are you forced to use your credit card to buy everyday items like food, clothing or gas because you don't have an emergency fund?
An emergency fund should cover your living expenses for at least three months. It is cash savings you can tap into quickly if you lose your job or get hit by unexpected expenses.
If you are overwhelmed by debt, there are some tips to getting out of the hole:
The Motley Fool investors website says if you have multiple credit cards to pay off, make your biggest payment on the card with the highest interest rate--at least double the minimum payment.
Getting one card paid off gives you hope you can get through this.
Keep making the minimum payment on your other credit cards
You could also borrow money from a life insurance policy to pay off credit cards. Just make sure that won't cause you any tax consequences.
A home equity loan is an option--if your home is paid off.
If you decide to transfer your entire debt to a new card, Kiplinger's says to look for credit cards with zero percent balance transfer offers, but watch out for transfer fees, which can be two-to-four percent of the entire amount.