Posted on Aug 16, 2022
3 tips for paying down your credit card balances as interest rates jump, according to a debt...
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Create a budget, cut spending, pay more than the minimum.
3 tips for paying down your credit card balances as interest rates jump, according to a debt...
Posted from cnbc.com
Personal Finance
Loans
Money
Posted >1 y ago
Responses: 2
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Dave Ramsey uses what he calls the “snowball “ and compares it to a snowball rolling down a hill gathering more snow. Pay off your lowest credit card or if you can your highest interest rate card. Then take the money you were using for that card and add it too what you are paying on your next lowest amount owed or highest interest card. It takes discipline and perseverance but can be done. Soon you are making massive payments and abolishing debt.
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CWO4 Terrence Clark
Over time, Dave has given the most pertinent, succinct and applicable advice of any of the financial "gurus" I follow.
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Great advice! Is it not (looking for a superlative here) that this same advice appears somewhere, often, and yet is needed and applicable everytime?
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