So, there seems to be a trick to paying down credit card debt. Apparently by making biweekly payments instead of the one monthly payment, one can significantly cut down debt and save in finance charges.
It makes perfect sense, and really, I don't know why I haven't realized this sooner. But I do now and I plan to put it in action effective next month and will do for both cards. I'll set it up automatically, like my savings deposit, and keep watch of the balances.
My goal is three years to knock out every cent. Let the games begin!
No comments:
Post a Comment