Pay off your highest-interest credit card debt. The return on your investment is the interest that you no longer have to pay.
I read once that they average rate on a typical credit card is 13.9%. It may be different, hopefully not worse (although probably). Assuming that number is still accurate, the INTEREST SAVINGS on a $5000 balance over 2.5 years on the 13.9% card:$857.
Filed under: -- Building Wealth, -- Credit Cards and YOU, -- Money Help (in simple terms), -- Uncategorized | Tagged: -- Money Help (in simple terms), -- YOUR Retirement, credit cards, interest rates, money tips, savings, Top Blog
