"What do you think if I have really bad credit card debt and I can get loan to pay it back. The loan is actually cheaper than paying minimum amount on my card forever... Is it good idea to get more debts to pay of worse debts?? I don't think it is covered in your blog."
1. CUT UP credit cards if you have more than one.2. Keep the lowest rate card or seek out a low rate (7.15%) card available. Eschew airline miles and come-on crap designed to entice the junkie in all of us.3. SET A LIMIT on the card that you can pay off every month. Tell the credit card company you want to stay to this limit and no, you don't want the "overdraft" feature enabled (that socks you with a $50 fee when you go over the limit). My limit is $5000. Pick a number you feel comfortable with - a number you can realistically pay off.4. check your credit card balance daily - you can do this with a smart phone or computer. Track how much you are spending and make sure you are not using the funny-money of the credit card to spend more.5. Consider paying cash for most things, at least a while, until your discipline is established.6. Mark your calendar (on your phone, whatever) with the statement date and payment due date for your card. You should know these better than your Mother's birthday.7. Set up autopay to pay at least the minimum balance due every month so you are not jacked to a "penalty rate" if you miss a payment or something.