5 Ways To Make An Extra Payment On Your Credit Card Next Month

When you're paying off credit cards, the most important thing you can do is pay more than the minimum payment every month.

If you're looking for ways to come up with some extra money for your next payment, here are five simple things you can do.

1. Cancel cable or satellite. Canceling your TV for a month could get you an extra $50 to $100 (or maybe more if you've got the serious cable package). That money could go towards paying off a credit card or two, plus you might just find yourself getting more done when the TV isn't eating up your time.
2. Eat at home for an entire month. Eating at restaurants can add up pretty quickly, especially if you're feeding an entire family.
3. Spend cash only for a month. If you're only paying with cash, it's a lot harder to make an impulse purchase. You can plan for things like groceries or gas and have the cash with you, but don't carry more than you expect to need.
4. Take a lunch to work. Buying your lunch every day can add up pretty quickly too. Taking your own lunch to work means a little extra planning to get it ready, but it can save you a lot of money (not to mention it's probably a lot healthier).
5. Give up designer coffee. Whether your favorite coffee stop is Starbucks or someplace else, spending $2 to $5 for every coffee break adds up. Give up the designer coffee for a month and see how much you save. Better yet, give up coffee completely and see how much better you feel (except maybe the first few days, but tough it out and you'll appreciate it).