Where The Money Reside: 10 Financial Strategies For 2021
Where The Money Reside: 10 Financial Strategies For The New Year - Page 8
Source: Grace Cary / Getty
Pay Down Credit Card Debt
According to the Federal Reserve, consumer credit card debt continues to drop due to “consumers spending less amid the COVID-19 pandemic, as well as households paying down existing credit card debt.” If you have credit card debt, consider making it a goal to pay it off. There are a few ways you can pay down credit card debt.
A few suggestions:
- Pay off your higher-interest debt first (known as the avalanche method).
- Pay off your smallest amount of debt first (known as the snowball method.)
If you’re struggling with credit card payments, it might be time to call in reinforcements like a credit counseling agency, take out a personal loan, or settle your debt with the company.
« Previous page 1 2 3 4 5 6 7 8 9 10 Next page »
