Re: Bi-weekly CC payments?
That article is extremely deceiving - it makes it seem like just paying half the amount in 2 installments creates the savings which isn't true. The thing that makes bi-weeklies work is making an extra payment a year. Monthly = 12 payments a year. bi weekly = 13 payments a year It's the extra payment that makes the difference, not paying 2 times a month like that article implies.
__________________
Disclaimer: I don't know what the heck I'm talking about (my wife's favorite quote), so please take all advice given with a grain of salt :o
|