Category Archives: Money

Paying Off Credit Cards

With the “Credit Crisis” going on, we’re all thinking about money.  Need to pay off some debt?  If you’re like me, you have multiple credit cards and tend to carry a regular balance.  You may have some other debt or loans out there that you want to pay off, too.  (Sub-prime mortgage, anyone?)

I won’t take credit for this one, since the advice has been out there for some time.  But, paying off higher interest rate credit cards first will have the biggest impact on your debt, and keep the most money in your wallet, rather than your financial institution’s wallet — they’re getting bailed out by the government anyway.

I know what you’re thinking: “I pay as much as I can on ALL my cards, that’s the best I can do.”  WRONG!!!

Here’s a simple system to help bring down your debts as fast as possible, without putting too much strain on your monthly budget.

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