If you try to pay off all of your debts at once, what are you going to spend for the future? What most people do today is use all of their money to pay off their past debts and then rely on their credit cards to meet their present needs. This just continues the cycle of debt and cannot truly be called "credit card debt elimination". However, the disadvantage of this type of credit card debt elimination program is that it takes a longer time and a lot of discipline to follow it through. 2) Negotiation - A common credit card debt elimination program used by people is to negotiate with their creditors to forma a payment plan which can be easier on them. But if you do your own marketing and cooking, you will be able to save much. Furthermore, homemade delicacies are much healthier than those bought from the fast food outlets. With this will likewise come great savings for you. Do an early holiday shopping. When the demand for things soars up, the tendency of the prices is to go up too. However, this is not the main part of the snowball method of debt elimination and reduction. 3) Find out what is the extra amount you can pay - After you have made the minimum payments for all of your listed debts, try to find out if you can spend an extra amount to start paying off your smallest debt. It is very simple to say that you will use your credit card. But then how about paying for your dues? Isn't it such a tasking endeavor for you? If you only know how to avoid compounding your balances, you will surely be free from worries such as this. Do not add more to your existing debt. It is best that you only use your credit card for emergency purposes such as you run out of cash and the likes. Companies that offer a low minimum balance are just making sure that you will be paying interest for a long time. If you set aside some of your cash to pay more than the minimum balance on your debt, you will ensure that your debt does not increase anymore because of interest. 3) Save what you can - The third part of this debt elimination strategy involves trying to cut back on your expenses.