Lets be honest: This whole debt reduction / saving money / getting our finances together thing can be difficult / boring / exhausting. Perhaps, there are some steps that we can take to stay (or get back on) track – even as we push through those difficult / boring / exhausting days. 1. Start with a solid game plan and…
Category: Basics
How To Maximize Or Minimize Interest
If you are working to get out of debt, one of your goals will be to minimize the amount of interest that your creditors will charge you. If you are working to save money, one of your goals will be to maximize the amount of interest that your savings will earn. Here’s how to minimize the amount you will be…
How To Eliminate Credit Card Debt
1. Create a list of your credit cards. Include account balances, interest rates, due dates, and minimum monthly payments. 2. Make minimum payments to all credit cards, on time. 3. Make an additional payment to one of the cards on your list. If you make an extra payment to the account with the smallest balance, you can quickly eliminate an…