Re: Paying Yourself vs. Paying Credit Cards
Hi all
There is some good advice here I just joined. I too have an automatic savings plan where they take the money right out of my checking acount every 2 weeks. I have two credit cards being paid every week because I have it set up that each week rotates. xxx to discover this week xxx to visa the next week. I find it that this lowers my average daily balance instead of sending in a payment once a month.
The best part is the first payment a month covers the minimum payment so you never get hit with those 24% interest charges. If anyone is paying that its just crazy. I call the cc comapnies and got my rate down a lot.
Vinny
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