If you feel that you are going under in an avalanche of credit card debt, a simple way that may not be obvious at first to reduce your out goings, then take a look at your grocery spending.

The best way to know if your credit card spending is reaching a dangerous level, is by working out if you are spending more than 15% of your income each month on paying back your credit card bills, then you are starting to stare into the abyss of credit card debt.

Other paying habits such as only paying the minimum payment each month will leave you with a long lasting debt that will hang about with you like a bad smell. Also using a credit card to make cash withdrawal to pay another credit card bill is a dangerous line to go down, as you will only be adding to your debt through cash withdrawal charges and interest and with 39% of credit card holders only paying the minimum payments, we are turning out into a very dangerous way of falling into that abyss.

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As I said earlier a simple solution to cut what you spend on the credit card is through what we spend on groceries. Figuring out what type of purchases that you are making can do this, you might find that you are going for the brand names in the food industry and using up what they are telling you that are special offers or sending money off coupons through the post or to be cut out the newspapers. Well the only reason they can give you these offers is by the products having a mark up in price that is far in excess what the product is actually worth, so sticking to the supermarkets own brand will reduce your bill as those items are still cheaper than the special offers.

Altering the way that you eat can also save you cash as well as giving you a healthier diet, soft drinks are the one of the biggest causes of making us put on weight and are also not to good for the teeth, but are also an expensive way to quench a thirst, so turning to drinking tap water could save you between £20 to £30 a month.

Visits to your local Chinese restaurant or fast food joints that get paid on the credit card are also an expense that could be cut back on, so even though there are many more obvious ways to try and get your finances back on track, working out what you spend and what food you are spending your money on can go along way of cutting your credit card debt, but which will also make you diet a little healthier, so it’s not all bad.