While it may not be feasable on a car payment, it is a great idea to do it on credit cards; especially if your card calculates interest daily.
i work in a cash business, so, I take my pay home every day. When I have a credit card balance, I make a payment every week.
Over time, this saves you a lot on interest over making a single monthly payment. It also means you'll never have a brain you-know-what and be late on a payment. Those 39.00 late payment charges really suck.
I use online bill pay, so there's no postage, and it's super easy to do.
|