"Are there big decisions we need to make or sacrifices to prevent that?" 2. "If you're accumulating credit card debt, it generally signals that we have something going on with spending behaviors that needs to be rectified," said Boneparth. Asking yourself why you're amassing credit card debt and whether you can really afford to do so can help improve your financial behavior. In addition to paying down credit card debt, you should also examine your spending habits. Because of that, tackling high-interest credit card debt should be first and foremost on your plan of action, Boneparth said. While your money could earn returns between 6% and 8% in the market, it's not enough to make up for paying 20% in credit card interest. If your credit card debt carries an interest rate of 15% or more, "get rid of it as soon as possible," he said. Southwest fined $140 million for last year's holiday meltdown
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