If the only thing that matters to you when paying off debt is saving dollars and cents, the payment strategy that clearly makes the most financial sense is paying off your balance with the highest interest rate first. So try this method out and start watching your balances shrink!
Start out by doubling your monthly payments on the card with the highest APR while continuing to make the...
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Recent Credit Tips
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Sep 26, 2022 | What's the Best Way to Pay Off Credit Card Debt?
If the only thing that matters to you when paying off debt is saving dollars and cents, the payment strategy that clearly makes the most financial sense is paying off your balance with the highest interest rate first.... -
Sep 24, 2022 | Start Teaching Your Children About Money Early
When should you start teaching your children about money? Many parents simply take care of their family finances, but it is important to educate your children about money early on. You don’t want to wait until your... -
Aug 08, 2017 | Pay Off Student Loans or Save for Down Payment?
School is behind you and you've been lucky enough to land a decent job, but cutting monthly rent checks is getting old fast. Is it time to bite the bullet and finally buy a place of your own? The decision would... -
Apr 28, 2017 | How to Prioritize Your Debt.
Depending on how much debt you have and how many bills you need to pay, it may be impossible to pay it all off at once. Instead, it is necessary to prioritize the ones that are most in need of being paid. When attempting to make ends meet, having a vehicle and a... -
Apr 14, 2017 | Last-Minute Tax Tips
If you haven’t filed your taxes yet, here are some last minute tips to help you before Tax Day: Watch for errors: Even though you don’t have a lot of time left, it is really important to take your time and stay organized when filing taxes. Mistakes can... -
Dec 12, 2016 | Tips for Keeping Holiday Spending In Line
The holidays are in full swing. With Thanksgiving behind us and Black Friday something of a memory, all of our efforts are placed on Christmas. And now that it's only a matter of weeks away, the shopping scramble has begun... -
Oct 24, 2016 | Thinking About An Annuity for Your Retirement Fund?
Many investors have grown financial assets in the stock market, and as retirement approaches, they begin to think about buying an annuity. There are two different types of annuities that may help you in retirement: immediate... -
Sep 26, 2016 | How to Avoid Credit Card Tipping Scams
Dishonest restaurant servers know how easy it is to overlook an extra 50 cents on a dinner bill, which is why one of the most common credit card scams involves waiters adding just a little extra tip for themselves. To protect yourself from... -
Sep 01, 2016 | Learn Your Rights Under the CROA
The Credit Repair Organizations Act, also known as CROA, is a section of the Consumer Credit Protection Act that protects consumers from credit repair scams. Credit repair organizations can be an easy fix for... -
Aug 23, 2016 | Beware of Tricky Credit Card Payment Terms
Some consumers find it more convenient to pay off their credit card bills in several payments throughout the month. Why would they want to do that? Well, there are several reasons. Perhaps they have a low credit limit and prefer...
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