The Third Step to Paying Less Interest On Your Credit Cards

To pay your credit cards off more quickly, you can double the monthly minimum payment.  This assumes you are not charging anything else on your credit card.

• This will lower the interest rate because the faster you pay off the balance, the less interest you’ll pay over time
• Start with the highest-interest credit cards
• Have a good emergency savings account in place first.  More on this later, but start with three to six month's of household expenses in emergency savings.  Have this in place before you pay extra toward your credit cards.

Take action:

• List your monthly income and expenses
• Determine how much you have left each month to put toward savings or your credit card balance
• Reward yourself for taking action:  You deserve it - it's not always easy to sit down and look at your finances!

Good luck with it! 








Copyright 2012    Connie Livingston                  All rights reserved