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| Budgeting for Large Credit Card Payments |
Submitted by:
Dan R. 04/30/2009 4:00 PM
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I split my credit card payments up. I take each payment and divide by four. By using my banks automatic web bill-pay it makes for an easy payment method without pulling my hair out.
Since there is a payment each week, I am actually reducing the amount of interest paid each month. When I had to call my bank - they were alot friendlier with me when they noticed I was making weekly payments. I think it shows a commitment to paying my debt.
Another bonus is that I am actually making 13 monthly payments instead of 12 each year.
Good luck to everyone! |
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