A Smart Tip for Those Making Minimum Payments on Credit Cards
I’ve been doing a lot of research on ways to reduce my consumer debt at sites like http://finance.yahoo.com. Things are tight, but nothing is impossible – and every little bit of knowledge helps. Here’s a tip that might help you. If you can only afford the minimum payment on your credit card, make weekly payments instead of paying once a month. Most credit card companies accrue interest on your balance on a daily basis, so this can help you save on interest. Depending on how much your balance is, it could be quite a hefty savings.