"A major league baseball team is a collection of 25 youngish men who have made the major leagues and discovered that in spite of it, life remains distressingly short of ideal."Roger Kahn
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Frugal Lunches: A Debt Reduction Tip
Nearly everyone these days has a little bit of credit card debt, and some more than others. For those of us with multiple credit cards, there has to be a way to pay it down. Surprisingly, small sacrifices can go a long way towards eliminating credit card ...
Loans For Bad Debtors: Discarding Debt Disorganization To Recover Financial Growth
Debt disorganization can often lead you to challenges like being permanently tagged as bad debtor. Your personal economy has many repercussions of such a scenario, especially when you are trying to get through the market of debt. Loans for bad debtors are ...
Preventing the Misconduct of Your Children or Employeess
Human behavior, whether that of a child or a grown employee, always stems from a goal or purpose. Starting as a thought, the behavior is further enforced by triggers of the emotions and senses. This behavior, when it is "good", gets us rewards ...
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1. If you are paying interest on your outstanding credit card balance, then you can save yourself all that interest you are giving to your credit card company by applying for another credit card that offers a 0% interest rate and transferring the balance from your existing card to your new one . Usually these 0% interest offers last for a set period of about 6 to 9 months and the money you save can be substantial. Be careful when selecting a new credit card to apply for as some of them now charge a balance transfer fee of around 2% of the balance transferred, so make sure you pick one that doesn't charge for doing a balance transfer. So that you can continue to pay no interest after this time, just apply for another 0% credit card from another credit card company at least a month before the first 0% offer expires, so you can switch the balance and not accrue any interest charges.
2. If you can't get a 0% balance transfer offer, then you can still apply for a card that has a lower interest rate than the one you are currently paying interest on and do a balance transfer to it. Of course if you already have another card with a lower balance transfer rate than your existing one, you can transfer the balance to that one, lowering your interest payments.
3. Another way you could save money on outstanding credit card debt is to simply ask your current credit card company if they would lower their rate for you. It is surprising to find that many of them will do this for you, especially if you tell them you are thinking of moving your balance to another card with a lower interest rate, they will most likely match the interest rate.
4. If you have several balances outstanding on several cards, then a good way to save money is to pay off the card with the highest interest rate first, which lowers the interest you pay overall.
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