4) Get Lower Interest Rates
Speaking of credit cards, aren’t the monthly interest rates insane? Sometimes just making the minimum payment means you’re only making a dent in the accrued interest and not the principal balance. This is majorly defeating because it feels like you’re fighting an unwinnable uphill battle. There are ways to soften the burden of credit card interest rates. First, get your credit score from the non-profit company called Credit Sesame. Not only is this report free, but they actually break down the report in terms you can understand. They also highlight areas that can be fixed and offer recommendations as to how you can raise your credit score. What’s the point in all this? A higher credit score could mean lower interest rates for you down the road. This is exponentially helpful when trying to pay off credit card debt and saving you valuable money on interest rates.