The of creation where cro cheters push the boundaries of their comfort zone to create something new and unique. Through A DESTROYER OF FINANCES Interest is killing your finances. Especially on credit cards. Did you realize that paying the minimum payment on your credit cards is just creating a deeper and deeper hole I have a wonderful strategy for those of you who have debt on more than one card.
Take out your credit card statements and write down the interest rate and balance of each card. For example lets say you have three credit cards that have interes tbalances BO Directory as listed. Card no. . on . balance Card . on . balance Card . on . balance Note that card carries a higher interest rate than or . In fact card would cost you over more in interest dollars over the course of a year if it carried the same balance Do you understand what Im saying The removal plan is simple.
Pay the minimum amount owed on the lowerpriced cards in this case card and and pay what you can afford to pay on card . For example you pay . minimum payments on card and and you can pay whatever you can afford. Make it hurt a little. Continue paying this way until card is paid off. Cut it out and throw it away. You dont want a card with higher interest rates do you Now apply the same strategy to cards and . Card is the next highest rate actually higher interest than card . Make the minimum payment on and make the same payment you made on card plus the minimum payment you made on card .