May 17, 2018 | by admin
It’s no secret that with ringing in the New Year comes a seemingly large credit card bill from the holiday season. Perhaps you’re someone who usually doesn’t carry a balance on their credit card, or it was never your intention to use your card as a way to bridge your financial gap, but here you are. For some reason or another, you have an outstanding balance on your credit card that you won’t be able to pay off on the statement date… hey, life happens. The New Year is a perfect time for you to empower yourself financially and pay down your credit card debt, especially because it can be costing you upwards of 20% in interest charges. I always ask myself if I’d be willing to spend 20% more on something I could buy at retail price, and if the answer is no, then I know I need to make sure I do everything in my power to pay off that balance as fast as I possibly can. Credit card debt can seem daunting, especially if you have a hefty balance that you’ve accrued! But fear not, 2018 is your year financially and we’ve curated seven tips to help you pay down that balance and get out of debt!
Once you’ve got your debt under control and you find yourself in a better place financially make sure you take some time to celebrate! This is definitely worth a bottle of bubbly. Celebrate your new found financial success and set yourself up for a wealth financial future.
Janine Rogan CPA, Finance Writer, Speaker & Tax Specialist