Skip to main content

Paying Off Credit Cards Faster


So here is tip I learned from a wise person once--

When you have extra money to use towards paying credit card debt, use that extra money on just one card. Pick the credit card you have the lowest balance on, and then work towards paying it off completely. Send in extra money along with the minimum monthly payment, as often as you can, until that card is paid off.

Then start paying off the next credit card the same way. Use the money you would have sent on the first card, the minimum payment due each month, along with the regular payment you send in each month on the second card, and you will get that card paid off faster too.

Move on to the third card. Keep budgeting credit card payments for the first two cards that you have already paid off. Just use those monthly payments for your third credit card now. You should see the credit card get paid off much quicker now.

The key is: when you pay off a credit card, and no longer have a monthly payment to make on your card, don't just spend that money elsewhere. Keep that budgeted payment and use it to pay other debt each month.

Keep doing this, one card at a time, until all are paid off.

Comments

Popular posts from this blog

Things To Do With Empty Cans of Soup

All of these ideas start with a clean empty soup can with no jagged edges. For some you may want to peel off the labels, others you might just leave the labels on!



1.. Having a picnic? Use empty Campbells soup cans as utensil holders for plastic forks and spoons on the picnic tables. (leave labels on ..adds a colorful unique touch!)

2.. Make a Halloween Decoration. Cover a soup can in black construction paper or fabric. Add some cut out eyes. For wings, color a paper plate black, Cut the plate in half. For each half, cut scalloped edges along one side, then glue "wings" to the side of the "bat can."

And a few more easy ways to recycle empty soup cans:

3. Use a nail and hammer to poke hole sin the bottom of sop cans and use as herb planters. Place a plastic lid under can to prevent rust stains.
4. Make Candlesticks (great tutorial from "Me Making Do")
5. Make a Flower-Shaped Cookie Cutter.
6. Make a Hanukkah Gift out of a soup can.
7. Make a Christmas Lum…

Home Made Halloween Costumes

Halloween is around the corner...so time to start cooking up some Halloween costumes you can make from home and save money while treating your little ghosts and goblins to a fun night!

This idea came from Kaboose.com-- I just changed a couple of things, but basically the costume idea is the same.

Home Made Spider Costume

Needed:
long sleeve black top/shirt
4 long black socks
newspaper, grocery bags, paper bags, or anything else you can use to stuff the socks with
a black knit cap
black yarn

Stuff each sock with paper or bags or filling of some sort.

Attach each sock to the side seams of the shirt (two socks on each side)
(I would suggest sewing the socks to securely attach them to the shirt, but duct tape can probably work as well.)

Next,  you will want to attach the black yarn in-between each sock and the cuffs of the shirt. This can be done in a couple of different ways. You can use the duct tape to attach a yarn piece at the cuff of the sleeve, and then tape the end of the yarn on t…

How To Make Some Extra Money From Home

Need to make some extra money so you can save some money? Or if you need some extra income to help with living expenses, try some freelance writing on the weekends.

Here are some sites to check out that will pay for articles submitted. Read each site's terms and conditions to make sure you are comfortable with how and when they pay, rights to articles you write, etc.

1. AssociatedContent.com
2. Sheknows.com
3. Suite101.com
4. Examiner,com
5. Internet Brands
6. Demand Studios.com
7. JustAnswer.com
8. Helium.com
9. Mahalo.com
10.wisegeek.com